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We would like to thank Gerry McDermott, Jan Mladek, and Jan Svenjar for many helpful discussions. We are indebted to Ira Lieberman for his time in providing an oral history of the privatization experience in Russia and of the role of the World Bank, and Bruce Carruthers, Michael Lounsboury, Gerry McDermott, William Pyle, Christine Oliver, Huggie Rao, and anonymous reviewers for their comments. John van Maanen gave us critical advice on the use of case methodology.doi:10.1093/icc/11.1.1 fatcat:4dw2jdyaavcaxhqgxp2abj5gfu