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We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and large firms privatized in a model large-scale privatization economy (Czech Republic). We reject the hypothesis that domestic or foreign private ownership, in either moderate or...
Persistent link: https://www.econbiz.de/10005784695
advanced economies. We examine the extent of this convergence among all firms as well as a subset of firms near the efficiency … frontier in two economies that represent alternative models of implementing market-oriented development policies: the Czech … Republic and Russia. Using 1992-2000 panel data on virtually all medium and large industrial firms in each country, we find …
Persistent link: https://www.econbiz.de/10009477424
In general there is agreement about the positive impacts of R&D on performance of firms measured as productivity …
Persistent link: https://www.econbiz.de/10005644940
We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …
Persistent link: https://www.econbiz.de/10011975741
This paper investigates how knowledge transferred within multinational corporations affects capital structure decisions of foreign affiliates. Employing the unique dataset on Korean multinationals and their employment structure of foreign affiliates, we measure the knowledge transfer through...
Persistent link: https://www.econbiz.de/10013237826
The emergence of new ventures that from inception use resources and sell their goods and services in multiple foreign markets has challenged traditional theories explaining the internationalization of a firm as a stage process (Oviatt & McDougall, 1994). Different factors have been identified to...
Persistent link: https://www.econbiz.de/10011508033
existing literature takes the approach of estimating production functions in which the total factor productivity (TFP) of the …
Persistent link: https://www.econbiz.de/10011250912
This paper examines whether credit constraints affect Chinese firms’ absorption of productivity spillovers originating …
Persistent link: https://www.econbiz.de/10011077975
productivity of locally owned firms in the Czech Republic. To this end, we collect 332 estimates previously reported in journal … results suggest that, as of 2018, a 10-percentage-point increase in foreign presence is likely to lift the productivity of …
Persistent link: https://www.econbiz.de/10011811894
productivity of locally owned firms in the Czech Republic. To this end, we collect 332 estimates previously reported in journal … results suggest that, as of 2018, a 10-percentage-point increase in foreign presence is likely to lift the productivity of …
Persistent link: https://www.econbiz.de/10011859006