Industrial & Corporate Change, vol 16(1): 131-154, 2007, with Rogelio Oliva
This article lays out several hypotheses to establish a specific link between structural economic reforms and the competitive environment of firms. We test our hypotheses on data from the steel industry in three post-reform economies. We find that economic reforms tend to have a positive effect on environmental munificence, but they also produce short-term instability in the environment. We elaborate on the implications of our results for managers, policymakers, and scholars.