In this paper we analyze the evolution of firm efficiency in the Czech Republic. Using a large panel of more than 190 …,000 Czech firm/years we study whether firms fully utilize their resources, how firm efficiency evolves over time, and how firm … efficiency is determined by ownership structure. We employ a panel version of a stochastic production frontier model for the …

In this paper we analyze the evolution of firm efficiency in the Czech Republic. Using a large panel of more than 190 …,000 Czech firm/years we study whether firms fully utilize their resources, how firm efficiency evolves over time, and how firm … efficiency is determined by ownership structure. We employ a panel version of a stochastic production frontier model for the …

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …