productivity performance. The empirical distributions and the associated persistence over time are explored through a set of … external credit. We also offer an initial understanding about how profitability and productivity relate with a third dimension … profitable firms to grow faster. -- firm performance ; profitability ; productivity ; financial constraints …

less. Laggard firms, we suggest, should instead achieve productivity growth through efficient exploitation of existing …

productivity and employment growth. …

above average size, initial profitability and initial labor productivity. After controlling for this selection bias, we find … that foreign investment has a positive, but statistically insignificant, impact on TFP (Total Factor Productivity) growth …

Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … following privatization. Matching sample firms (privatized) to control firms (SOEs), I document that privatized firms do not …

efficiency gains result from better incentives and productivity, rather than from wholesale firing of employees and profitability …