Hanousek, Jan; Kočenda, Evžen; Shamshur, Anastasiya - Institut für Ost- und Südosteuropaforschung (IOS) - 2015
Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …