Firm Growth in Advanced Stages of Economic Transition: Evidence from Slovak Industry

Ivana Studena

Czech Journal of Economics and Finance (Finance a uver), 2004, vol. 54, issue 9-10, 436-455

Abstract: This article analyzes the reaction of firms to transition in adjusting firm size. The author offers an empirical analysis in the context of the firm-growth model with emphasis on the presence of ownership and corporate-structure effects.There is no evidence for a general firm-growth/firm-size relationship. On the other hand, the author finds evidence that firm growth is a function of size for firms of a particular type. Specifically, there is an inverse growth-size relationship for privately owned joint-stock companies. Examining the character of these effects, the author concludes that their character is transitory: It corresponds to events related to exogenous settings of economic privatization and the economic restructuring process rather than tangible ownership or corporate-governance effects.

Keywords: firm growth; firms; transition; ownership; industry; Slovak Republic (search for similar items in EconPapers)
JEL-codes: D21 L0 P31 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:54:y:2004:i:9-10:p:436-455

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