Competition and Corporate Governance : Substitutes or Complements ? Evidence from the Warsaw Stock Exchange.

In this paper we analyse the impact of product market competition and ownership structure on corporate performance. We focus on the firms listed on the Warsaw Stock Exchange, which are either privatised or newly created firms. First, we study the separate effects of competition and ownership concentration on firm level productivity growth. Next, we investigate their interaction: are they substitutes or complements?

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Year of publication:	2001
Authors:	Grosfeld, Irena ; Tressel, Thierry
Institutions:	Département et Laboratoire d'Économie Théorique Appliquée (DELTA), École Normale Supérieure (ENS Paris)
Subject:	MARKET \| COMPETITION \| OWNERSHIP

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Extent:	application/pdf
Series:	DELTA Working Papers.
Type of publication:	Book / Working Paper
Notes:	30 pages
Classification:	D24 - Production; Capital and Total Factor Productivity; Capacity ; G32 - Financing Policy; Capital and Ownership Structure ; L1 - Market Structure, Firm Strategy, and Market Performance ; P2 - Socialist Systems and Transitional Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005811858