Firm efficiency: domestic owners, coalitions, and FDI

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F12%3A00384792" target="_blank" >RIV/00216208:11640/12:00384792 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.1016/j.ecosys.2012.04.004" target="_blank" >http://dx.doi.org/10.1016/j.ecosys.2012.04.004</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.ecosys.2012.04.004" target="_blank" >10.1016/j.ecosys.2012.04.004</a>

Result language

angličtina

Original language name

Firm efficiency: domestic owners, coalitions, and FDI

Original language description

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 period 1996?2007 with time varying efficiency. We differentiate among various degrees of ownership concentration and domestic or foreign origin. In a two stage set-up we first estimate the degree of firm inefficiency and then the effect of ownership structure on the distance from the efficiency frontier. Our results support the hypothesis that concentrated ownership is positively related to efficiency. FDI has beneficial effects at the microeconomic level. However, we show that a simple majority is not necessarily the best structure to improve efficiency. We further analyze the effects of ownership coalitions and shed ligh

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GAP403%2F12%2F0080" target="_blank" >GAP403/12/0080: Financial impacts of the East-West trade and FDI: A gravity based approach</a><br>

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2012

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Economic Systems

ISSN

0939-3625

e-ISSN

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Volume of the periodical

36

Issue of the periodical within the volume

4

Country of publishing house

NL - THE KINGDOM OF THE NETHERLANDS

Number of pages

16

Pages from-to

471-486

UT code for WoS article

000314745900001

EID of the result in the Scopus database

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