Quality of institutions and productivity of State-Invested Enterprises: International evidence from major telecom companies

Paolo Castelnovo, Chiara Del Bo and Massimo Florio

European Journal of Political Economy, 2019, vol. 58, issue C, 102-117

Abstract: The quality of institutions is at the core of the differences in the growth of income and productivity of nations. A growing body of evidence shows how this is also true at the firm level. After taking stock of earlier theoretical and empirical literature on the efficiency of state-owned versus private enterprises, while we consider ownership as the core internal governance mechanism of firms, we add quality of government as a determinant of the external institutional environment. To disentangle the effect of internal and external institutions on firms' productivity, we use different sets of ownership and institutional environment indicators.

Keywords: Public ownership; Telecommunications; Productivity; Institutions and quality of government (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:poleco:v:58:y:2019:i:c:p:102-117

DOI: 10.1016/j.ejpoleco.2018.10.005

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