Hanousek, Jan; Kočenda, Evžen; Mašika, Michal - 2011
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 ver-sion of a …