Business leaders exert extraordinary influence on institution building in market economies but they think and act within institutional settings. This book combines both an elite approach with a varieties-of-capitalism approach. Comparing Poland, Hungary and East and West Germany, we perceive the transformations in East Central Europe and in Germany after 1989 as being intertwined. Based on a joint survey, this book seeks to measure the level of the convergence of ideas among European business leaders, assuming it to be more extensive than the institutional convergence expected under the dominance of neoliberal discourse. Analyzing the institutional framework, organizational features like size, ownership and labour relations, and subjective characteristics like age, social origin, career patterns and attitudes of the recent business elites, we found significant differences between countries and the types of organization. The growing importance of economic degrees and internationalization shows astonishingly little explanatory power on the views of business leaders. The idea of a coordinated market economy is still relatively widespread among Germans, while their Hungarian and Polish counterparts are more likely to display a minimalist view of corporate responsibility to society and adverse attitudes towards employee representation. However, their attitudes frequently tend to be inconsistent, which mirrors the mixed type of capitalism in East Central Europe.

1. Introduction: Business Leaders and the New Varieties of Capitalism in Post-Communist Europe Katharina Bluhm, Bernd Martens and Vera Trappmann 2. Institutional Transformation and Business Leaders of the New Foreign-Led Capitalism in Poland Krzysztof Jasiecki 3. The 'Small Transformation' in Hungary: Institutional Changes and Economic Actors György Lengyel and Dénes Bank 4. The Long Shadow of the 'German Model': Business Leaders in Social and Institutional Change Katharina Bluhm, Bernd Martens and Vera Trappmann 5. From 'Deputy Revolution' to Markets for Executives? Social Origin, Careers and Generational Change of Business Leaders Twenty Years after Regime Change Katharina Bluhm and Bernd Martens 6. Contractual Trust: The Long Shadow of the Shadow Economy Béla Janky and György Lengyel 7. Varying Concepts of Corporate Social Responsibility: Beliefs and Practices in Central Europe Katharina Bluhm and Vera Trappmann 8. Institutions or Attitudes? The Role of Formal Worker-Representation in Labour Relations Vera Trappman, Krzysztof Jasiecki and Dariusz Przybysz 9.Income and Influence: Hungarian, Polish and German Business Leaders Compared György Lengyel, Nikolett Geszler and Zita Ördög