Firm Performance in Bulgaria and Estonia: The effects of competitive pressure and disorganization

Jozef Konings

No 185, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: This paper is concerned with the analysis of firm performance, measured as total factor productivity, using a panel of over 1200 Bulgarian and 200 Estonian firms. The main empirical conclusions are (i) higher Financial and competitive pressure improves firm performance in Bulgaria; (ii) disorganization, measured by complexity of a sector, has a negative effect on productivity growth in Bulgaria; (iii) in Estonia there no evidence can be found that Financial pressure, competitive pressure nor disorganization has any effect on firm performance, suggesting that these factors only matter at the start of transition to a market economy.

Keywords: financial pressure; competitive pressure; disorganization; firm performance (search for similar items in EconPapers)
JEL-codes: G3 L2 O5 (search for similar items in EconPapers)
Pages: pages
Date: 1998-07-01
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:1998-185

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