Efficiency and Ownership Structure – The Case of Poland

Karl-Markus Modén (), Pehr-Johan Norbäck and Lars Persson
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Karl-Markus Modén: Södertörn University College

No 703, Working Paper Series from Research Institute of Industrial Economics

Abstract: We examine the effects of foreign entry on productive efficiency during the Polish investment liberalization. The performance of foreign acquisitions is compared to foreign firms entering the market through greenfield entry, as well as domestic acquisitions of privatized firms, domestic greenfields and remaining state-owned (non-privatized) firms during the period 1995-2000. We find that foreign privatized firms have realized larger productivity gains than all types of domestic firms and that this is not due to higher price-cost margins, which is consistent with the idea that foreign firms bring in firm-specific knowledge. Foreign greenfields have the highest average labour productivity, while foreign privatizations show the largest productivity increase.

Keywords: Privatizations; M As; FDI; Foreign Ownership; Productivity (search for similar items in EconPapers)
JEL-codes: F23 J31 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2007-04-13
New Economics Papers: this item is included in nep-cse, nep-eff, nep-knm and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Efficiency and Ownership Structure: The Case of Poland (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:iuiwop:0703

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