Nature and determinants of productivity growth of foreign subsidiaries in Central and East European countries

Slavo Radosevic, Boris Majcen and Matija Rojec

No 68, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)

Abstract: The paper examines the determinants of productivity growth in foreign manufacturing subsidiaries in five Central and East European (CEE) countries by analysing patterns of control, nature of firms' capabilities and firms' market orientation. Building on the so called 'developmental subsidiaries' perspective we show that productivity growth is determined jointly by corporate governance, production capability and market orientation variables. CEE subsidiaries have relatively strong autonomy over control of their business functions, but within a dominantly production oriented mandate. Majority foreign equity share has a significant and positive impact on subsidiaries' productivity growth. These results present very strong regional characteristic.

Keywords: foreign subsidiaries; productivity; central and eastern Europe (search for similar items in EconPapers)
Pages: 34 pages
Date: 2006-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Nature and determinants of productivity growth of foreign subsidiaries in Central and East European countries (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:68

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