increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …

increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …

profitability. The effects of concentrated foreign ownership support the agency theory and go against theories stressing the …

increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …

We analyse investment behaviour of the population of medium and large industrial firms located in the Czech Republic in … 1992–5. We examine the relevance of alternative models of investment and test if investment behaviour varies across … control for the significant seasonal variation in investment. The data indicate that foreign-owned companies invest the most …

(and trade-off between) investment and wages in Slovenian firms. We find that investment behaviour is more consistent with … display a trade-off between investment and wages, and workers share in firms’ surplus and appropriate funds that are supposed … to be used for depreciation investment. Most findings are consistent with the principal theoretical models of …

In this paper, we examine net investment during the early stages of transition using micro data on the population of … models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms …. Our analysis of depreciation leads us to the conclusion that replacement investment displays a similar pattern in many …