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The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland
Angelucci, Manuela; Estrin, Saul; Konings, Jozef; … - C.E.P.R. Discussion Papers - 2001
This Paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...
Persistent link: https://www.econbiz.de/10005504242
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Competition And Firm Performance: Lessons From Russia
Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2000
The 'big-bang' liberalization of the inefficient Russian economy in 1992 provides a fruitful setting for analysing the impact of several dimensions of market competition and other factors on enterprise efficiency. We analyse 1992-1998 panel data on 14,961 enterprises covering 75 percent of...
Persistent link: https://www.econbiz.de/10005661595
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Competition, Corporate Governance: Substitutes or Complements? Evidence from the Warsaw Stock Exchange
Grosfeld, Irena; Tressel, Thierry - C.E.P.R. Discussion Papers - 2001
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...
Persistent link: https://www.econbiz.de/10005661646
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Do entrepreneurs matter?
Becker, Sascha O.; Hvide, Hans K - C.E.P.R. Discussion Papers - 2013
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10011083991
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Product and Process Innovation and Firms’ decision to Export
Vanbeveren, Ilke; Vandenbussche, Hylke - C.E.P.R. Discussion Papers - 2010
We analyze the relationship between firm-level innovation activities and firms’ propensity to start exporting for firms in a small open economy. We measure innovation by innovative effort (R&D) as well as by innovative output (product and process innovation). After carefully correcting for...
Persistent link: https://www.econbiz.de/10008468704
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Globalization and the 'New Enterprise'
Marin, Dalia; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002
, which affects the behaviour of agents inside the corporation. This way, trade integration leads to waves of outsourcing and …
Persistent link: https://www.econbiz.de/10005662173
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Import competition from and outsourcing to China: a curse or blessing for firms?
Mion, Giordano; Zhu, Linke - C.E.P.R. Discussion Papers - 2011
country of origin and distinguish between firm-level outsourcing of final versus intermediate goods. Results indicate that … China is different from both other low-wage and OECD countries. Industry-level import competition and firm-level outsourcing … Belgian firm survival, while firm-level outsourcing of finished goods to China even increased firm's probability of survival …
Persistent link: https://www.econbiz.de/10008854491
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Trading Fees and Efficiency in Limit Order Markets
Colliard, Jean-Edouard; Foucault, Thierry - C.E.P.R. Discussion Papers - 2011
We study competition between a dealer (OTC) market and a limit order market. In the limit order market, investors can choose to be "makers" (post limit orders) or "takers" (hit limit orders) whereas in the dealer market they must trade at dealers' quotes. Moreover, in the limit order market,...
Persistent link: https://www.econbiz.de/10009024490
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Retail Chain Expansion: The Early Years of McDonalds in Great Britain
Toivanen, Otto; Waterson, Michael - C.E.P.R. Discussion Papers - 2011
Understanding the development of chainstores is important given the large GDP share of services and the continuing importance of chains in bringing these services to market. Service chains provide a puzzle because they take a long time to develop even when there are obvious expansion...
Persistent link: https://www.econbiz.de/10009246609
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Acquisitions, Entry, and Innovation in Network Industries
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim Ingemar - C.E.P.R. Discussion Papers - 2013
In industries with network effects, incumbents’ installed bases create barriers to entry that discourage entrepreneurs from developing new innovations. Yet, entry is not the only commercialization route for entrepreneurs. We show that the option of selling to an incumbent increases innovation...
Persistent link: https://www.econbiz.de/10011083667