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We establish that domestically owned firms in two alternative models of emerging market economies, the Czech Republic and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the distance of domestic firms to the frontier grew (in all...
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In this paper we analyze the evolution of firm financial efficiency in the Czech Republic. Using a large panel of more … over time, and how firm financial efficiency is determined by ownership structure. We employ a panel ver-sion of a … efficiency ; ownership structure ; firms ; panel data ; stochastic fron-tier …
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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...
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) stochastic frontier panel approaches, we obtain two principal results. First, foreign-owned banks are more profit and cost …
Persistent link: https://www.econbiz.de/10013232623