Competition, ownership and productivity. A panel analysis of Czech firms

Delia Baghdasaryan and Lisbeth la Cour ()

Journal of Economics and Business, 2013, vol. 69, issue C, 86-100

Abstract: Theoretical results support two concurrent views regarding the mediating role that ownership structure might play on the effect of competition on firm performance. According to one stream of literature, competition has a high, positive impact in companies that have an effective ownership structure. On the contrary, inferences based on the x-inefficiency literature suggest the highest positive effect will be experienced by companies with inappropriate ownership structure. Our empirical analysis on a panel of Czech firms shows that the former view is supported if import competition is high; otherwise, the latter view holds. Our results also indicate that the effective ownership structure is highly concentrated ownership if tariffs are low, and dispersed ownership otherwise. In terms of policy implications we therefore conclude that trade liberalization might need to be accompanied by reforms that encourage certain ownership structures. Our paper encompasses to some extent previous empirical results in the literature.

Keywords: Firm productivity; Trade liberalization; Competition; Ownership structure (search for similar items in EconPapers)
JEL-codes: D24 F10 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0148619513000532
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Competition, Ownership and Productivity: A Panel Analysis of Czech Firms (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jebusi:v:69:y:2013:i:c:p:86-100

DOI: 10.1016/j.jeconbus.2013.06.002

Access Statistics for this article

Journal of Economics and Business is currently edited by Emanuele Bajo and Moritz Ritter

More articles in Journal of Economics and Business from Elsevier
Bibliographic data for series maintained by Catherine Liu ().