Relationship between firm total factor productivity and performance: the case of the Czech high-tech industry

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F22%3A43922339" target="_blank" >RIV/62156489:43310/22:43922339 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.1504/IJEV.2022.10047629" target="_blank" >https://doi.org/10.1504/IJEV.2022.10047629</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1504/IJEV.2022.10047629" target="_blank" >10.1504/IJEV.2022.10047629</a>

Result language

angličtina

Original language name

Relationship between firm total factor productivity and performance: the case of the Czech high-tech industry

Original language description

The study aimed to empirically assess the relationship between total factor productivity and financial performance to enrich the ongoing discussion on the determinants of high-tech enterprises&apos; success. We studied the financial performance of 267 Czech high-tech companies over the years 2002-2018. Our analysis is also controlled for other firm characteristics such as company age, size, legal form, capital structure, sectoral and regional affiliation. We found that firm performance is significantly dependent on total factor productivity. The obtained results also show that large firms seem to achieve significantly higher performance both in terms of sales and in terms of EBIT when compared with small- and medium-sized enterprises (SMEs). The study points out the need to expand knowledge on the factors influencing success in the high-tech industries and provides several future research directions. Scholars may investigate, for instance, how prevailing market orientation or firm management quality influence the performance of high-tech enterprises.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2022

Confidentiality

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

Name of the periodical

International Journal of Entrepreneurial Venturing

ISSN

1742-5360

e-ISSN

1742-5379

Volume of the periodical

14

Issue of the periodical within the volume

4-5

Country of publishing house

CH - SWITZERLAND

Number of pages

22

Pages from-to

391-412

UT code for WoS article

000894415000001

EID of the result in the Scopus database

2-s2.0-85139492142