Which Institutions Are Important for Firms Performance? Evidence from Bayesian Model Averaging Analysis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43912774" target="_blank" >RIV/62156489:43110/17:43912774 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11230/17:10363597
Result on the web
<a href="https://doi.org/10.2298/PAN151015031F" target="_blank" >https://doi.org/10.2298/PAN151015031F</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.2298/PAN151015031F" target="_blank" >10.2298/PAN151015031F</a>

Result language
angličtina
Original language name
Which Institutions Are Important for Firms Performance? Evidence from Bayesian Model Averaging Analysis
Original language description
Using a rich dataset on individual firms in selected EU countries between 2005 and 2012, we document a surprisingly high share of assets tied in highly inefficient firms. Moreover, we discuss different channels through which institutions may affect firm financial developments and thus the long-run growth. Using Bayesian model averaging analysis, we discuss the importance of different types of economic, financial and political institutions. We show that high institutional quality improves the financial conditions of firms. However, too lax business regulations may worsen firms' performance possibly due to excessive risk taking behavior.
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50204 - Business and management

Project
<a href="/en/project/GA14-28848S" target="_blank" >GA14-28848S: Financial Crisis, Depreciation and Credit Crunch in CEECs</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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