"The Governance of Transition in European Firms" was the third presentation released by Rosario Faraci (University of Catania). The paper focused on how corporate governance matters for firms in transitions, those firms experiencing evolving patterns of monitoring, control and financing in different stages of their growth. According to the Italian presenter, firms in transition in Europe are state-owned enterprises going to be privatized in various steps, family businesses ready to be taken over by the next generation, and the entrepreneurial treshold firms. Preliminary results of an inductive study in progress have been provided. The Europe, both Western and Eastern regions, shows a significant numbers of firms in transition among the privately-held and the government-held companies.
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