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Business environment, exports, ownership, and firm performance
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SYSNO ASEP 0358764 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Business environment, exports, ownership, and firm performance Author(s) Commander, S. (GB)
Švejnar, Jan (NHU-C) RIDSource Title Review of Economics and Statistics. - : MIT Press - ISSN 0034-6535
Roč. 93, č. 1 (2011), s. 309-337Number of pages 29 s. Language eng - English Country US - United States Keywords corporate performance ; transition economies ; privatization Subject RIV AH - Economics R&D Projects GAP402/10/2130 GA ČR - Czech Science Foundation (CSF) LC542 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ MSM0021620846 - NHU-C UT WOS 000286455100021 DOI 10.1162/REST_a_00135 Annotation We use two large samples of firms to assess the effects of business environment constraints, competition, export orientation, and ownership on firm performance. We deal with omitted variables, errors in variables, and endogeneity, and find that few business constraints affect performance. Replicating the analysis with Doing Business and Heritage Foundation indicators of the business environment yields similar results. In fact, country fixed effects, reflecting time-invariant differences in the business environment as well as other factors such as health care and education, matter more for firm performance than differences in the business environment across firms within countries. Workplace Economics Institute - CERGE Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2012
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