Do institutions, ownership, exporting and competition explain firm performance?

0322254 - NHÚ 2009 US eng J - Journal Article
Commander, S. - Švejnar, Jan
Do institutions, ownership, exporting and competition explain firm performance?
IPC Working Paper Series. -, č. 65 (2008), s. 1-73. ISSN N
Institutional research plan: CEZ:AV0Z70850503
Keywords : firm performance * ownership * competition * export
Subject RIV: AH - Economics
http://deepblue.lib.umich.edu/bitstream/2027.42/60636/4/IPC-working%20paper-065-CommanderSvejnar.pdf

We analyse a large stratified random sample of firms that provide measures of each firm’s top manager’s perception of the severity of business environment constraints. Specifically, we use the 2005 and 2002 Business Environment and Enterprise Performance Survey (BEEPS) to assess the effect on performance of ownership, competition, export orientation and the business environment of the firm. We employ a variety of approaches to deal with the problem of omitted variables, errors in variables and endogeneity that plague studies in this area. We find that foreign ownership and competition have an impact on performance – measured as the level of sales controlling for inputs. Export orientation of the firm does not have an effect on performance once ownership is taken into account. The centrepiece of our analysis is to understand the impact of perceived constraints.
Permanent Link: http://hdl.handle.net/11104/0170570