Firm productivity

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Firm productivity

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dc.contributor.author la Cour, Lisbeth en_US
dc.contributor.author Ionascu, Delia en_US
dc.date.accessioned 2009-02-04T10:27:57Z
dc.date.available 2009-02-04T10:27:57Z
dc.date.issued 2007-12-10T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7653
dc.description.abstract It has been argued that the effect of competition on a company’s incentive to innovate and to reduce managerial slack depends on the initial level of efficiency. For example, while firms close to the technology frontier invest more in innovation if competition increases, backward firms reduce innovation. On a panel data of Czech companies, for the years 1993-2005, we empirically assess the impact of increased competition on firm productivity and the importance of the initial firm efficiency level. We depart from the empirical literature on emerging markets by taking into account both domestic and foreign competition. In line with the theory, our results show that there is an inverted U-relationship between domestic competition and firm productivity. Our results also confirm that trade liberalization has a positive impact on productivity. However, the effect is less significant if domestic competition is not taken into account. In addition, we find that both domestic and foreign competition have an effect on productivity in companies close to the technology frontier but not in backward companies. en_US
dc.format.extent 30 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2007-9 en_US
dc.title Firm productivity en_US
dc.type wp en_US
dc.accessionstatus modt07dec10 hejamo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Økonomisk Institut en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON en_US
dc.idnumber x656556071 en_US
dc.publisher.city København en_US
dc.publisher.year 2007 en_US
dc.title.subtitle The Role of Competition and of the Initial Firm Efficiency. Evidence from the Czech Republic en_US


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