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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 …
Persistent link: https://www.econbiz.de/10010510115
We propose an alternative method for investigating whether firms improve performance through mergers after taking into account the selection bias of merging firms. We simultaneously consider the dynamics of firm performance and the merger decision by employing full information maximum likelihood...
Persistent link: https://www.econbiz.de/10013099938
In this paper we analyze the evolution of firm financial efficiency in the Czech Republic. Using a large panel of more … than 400,000 Czech firm/years we study whether firms fully utilize their resources, how firm financial efficiency evolves … over time, and how firm financial efficiency is determined by ownership structure. We employ a panel version of a …
Persistent link: https://www.econbiz.de/10013121398
In this paper we analyze the evolution of firm financial efficiency in the Czech Republic. Using a large panel of more … than 400,000 Czech firm/years we study whether firms fully utilize their resources, how firm financial efficiency evolves … over time, and how firm financial efficiency is determined by ownership structure. We employ a panel version of a …
Persistent link: https://www.econbiz.de/10013122351
coalitions and shed light on many other subtleties of how ownership and the specific industry affect firm efficiency …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 …
Persistent link: https://www.econbiz.de/10013096922
paper, I empirically investigate whether the degree of competition in services affects the efficiency of manufacturing firms … manufacturing industry: an increase in average markups is associated with a reduction in manufacturing productivity. The findings …In developed economies, services form an increasing proportion of inputs employed by manufacturing firms. While …
Persistent link: https://www.econbiz.de/10013105091
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 …
Persistent link: https://www.econbiz.de/10013107261
productivity after going private, there is little evidence of difference-in-differences efficiency gains relative to peer groups of … firms to be myopic in a way that impacts efficiency, then going private (when myopia is eliminated) should cause U.S. firms … to improve their establishment level productivity relative to a peer control groups of firms. We find no evidence that …
Persistent link: https://www.econbiz.de/10013131799
use stochastic frontier analysis methods to test for productivity and efficiency differences in manufacturing throughout … the country. Our results suggest that the economic structure and productivity of southern Mexico is considerably different … frontier estimations confirm very similar regional patterns. Nevertheless, efficiency varies strongly within states, indicating …
Persistent link: https://www.econbiz.de/10013158609
-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the … difficulty of separating these two effects. We use newly-developed techniques to separately estimate productivity and markups …
Persistent link: https://www.econbiz.de/10011578753