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This study represents the first enterprise level analysis of the determinants of exporting in transitional economies, and focuses on privatised manufacturing firms in Russia, Ukraine and Belarus. Employing models developed from the existing literature on enterprise-level trade, results derived from longitudinal data suggest that the most important influences on a firm's decision to export are company size and the non-monotonic, curvilinear influence of managerial ownership and control. Comparisons are made with studies of less developed countries.

Information serves an important role in the governance process and, despite the presence of disclosure regulations, there are many private and public firms that voluntarily provide more information than required. This chapter considers the advantages and disadvantages of voluntary disclosure at the firm and societal levels. It studies the empirical literature on the connection between a firm’s disclosure policies and its corporate governance, which reveals mixed evidence. The chapter determines that unforeseen events may be important and calls for further studies on disclosure in private firms.