Business Environment, Exports, Ownership, and Firm Performance

Commander, Simon; Švejnar, Jan

doi:10.1162/rest_a_00135

Cited by 146 publications

(124 citation statements)

References 30 publications

Supporting

Mentioning

112

Contrasting

Unclassified

Order By: Relevance

“…Capital is proxied by total fixed assets plus working capital, which is defined as current assets minus current 11 This approach helps us to deal later with potential endogeneity between corruption and efficiency, unobserved firm level heterogeneity and selection bias that cannot be properly addressed when using BEEPS alone, as the dataset does not have a panel structure. A similar approach has been used by Commander and Svejnar (2011), Hanousek and Kochanova (2016), and Fungáčová et al (2015). 12 See Aigner et al (1977) and Meeusen and van Den Broeck (1977) for stochastic frontier analysis and Schmidt and Sickles (1984), Kumbhakar (1990), andGreene (2005) for panel data application to stochastic frontier analysis.…”

Section: Firm Efficiency -Stochastic Frontier Analysismentioning

confidence: 99%

Firm Efficiency, Foreign Ownership and CEO Gender in Corrupt Environments

Hanousek¹,

Shamshur²,

Trešl³

2017

SSRN Journal

View full text Add to dashboard Cite

We study the effects of corruption on firm efficiency using a unique dataset of private firms from 14 Central and Eastern European countries from 2000 to 2013. We find that an environment characterized by a high level of corruption has an adverse effect on firm efficiency. This effect is stronger for firms with a lower propensity to behave corruptly, such as foreign-controlled firms and firms managed by female CEOs, while local firms and firms with male CEOs are not disadvantaged. We also find that an environment characterized by considerable heterogeneity in the perception of corruption is associated with an increase in firm efficiency. This effect is particularly strong for foreign-controlled firms from low corruption countries, while no effect is observed for firms managed by a female CEO.

show abstract

Section: Firm Efficiency -Stochastic Frontier Analysismentioning

confidence: 99%

Firm Efficiency, Foreign Ownership and CEO Gender in Corrupt Environments

Hanousek¹,

Shamshur²,

Trešl³

2017

SSRN Journal

View full text Add to dashboard Cite

show abstract

“…The results of Commander and Svejnar (2011) indicate that widely used country-level indicators of business environment provided by the Heritage Foundation and the World Bank do not provide much evidence of a negative relationship between the constraining environment and firm performance. VanMetre and Hall (2011) examined the relationship between six national indices that are often used as indicator of how "business friendly" is state and entrepreneurial activity among the fifty US states.…”

Section: Literature Reviewmentioning

confidence: 88%

“…After all, a poor contracting and regulatory environment can raise the cost of doing business with knock-on effects to employment, output, investment, productivity, and living standards (Besley, 2015). It has been also noted that the barriers to doing business vary widely across regions and countries, and it has been argued that the business environment will affect aggregate performance, as well as expert influence on the operation of financial markets (Commander, Svejnar, 2011).…”

Section: Introductionmentioning

confidence: 99%

Selected Characteristics of Business Environment in Visegrad Region

Bruothová¹

2016

CEJM

View full text Add to dashboard Cite

Business environment is considered to be an important factor that affects the competitiveness of the country or region. The assessment of business environment is subject to analysis realized by many national as well as internationally accepted institutions, whose outputs have usually form of composite indices reflecting the quality of the business environment. The aim of the article is to investigate the relationship between different indices of the quality of business environment on one side and selected macroeconomic indicators and country's credit rating on the other side. The analysis concentrates on the countries of Visegrad four region (V4) – Slovakia, Czech Republic, Hungary and Poland. The following indices are analyzed: Ease of Doing Business created by the World Bank Group , Global Competitiveness Index, Index of Economic Freedom, rating from The World Competitiveness Yearbook and Fragile State Index. We use the real gross domestic product, unemployment rate and inflation rate as the macroeconomic indicators and the results of the country's credit rating evaluated by Moody's, Standard & Poor's and Fitch Ratings. The analysis is based on the country level data for the 2005 – 2014 period derived from the official statistical reports of World Bank, World Economic Forum, Institute for Management Development, The Heritage Foundation, Fund for Peace and Eurostat. The analysis is performed through correlation analysis using Pearson as well as Spearman correlation coefficients. The results of our analysis indicate that relationship between different indices of the quality of business environment and selected macroeconomic indicators or country's credit rating is country specific.

show abstract

“…Literature in the school of contingency management has emphasized the role of business environment on firm performance [e.g. [50][51][52][53]. Likewise, some authors have argued that a firm with better environmental fit shows higher performance in comparison to firms with lower environmental fit [54,55].…”

Section: Business Environment and Firm Performancementioning

confidence: 99%

Which One to Choose Multi Focus or Trade-Off Among Competitive Priorities? Evidence from Finnish SMEs

Timilsina

Forsén

Takala

et al. 2016

Management and Production Engineering Review

View full text Add to dashboard Cite

Accepted: 22 February 2016 This paper examines the relationship between business environment, competitiveness and firm performance considering a survey data from three consecutive years: 2013-2015. The comparative analysis showed that over these years business environment, competitiveness and firm performance of Finnish SMEs are slowly deteriorating. Results from correlation analysis revealed that business environment, competitiveness and firm performance are positively correlated. However, the relationships between these variables are not consistent in respect to competitive priorities indicating a dynamic nature of cost, quality, time, and flexibility dimensions. Besides these findings our analysis acknowledged that to improve firm performance, irrespective to the choice of competitive priority, SMEs should pay more attention to their competitiveness rather than blaming the business environment. The paper concludes that simultaneous use of competitive priority dimensions might be more favorable as a source of competitiveness and competitive advantage to improve firm performance. However, the managers are encouraged to compare the results, findings and concepts presented in this paper among themselves and comprehend the specific answer to the question posed in the title.

show abstract

Business Environment, Exports, Ownership, and Firm Performance

Cited by 146 publications

References 30 publications

Firm Efficiency, Foreign Ownership and CEO Gender in Corrupt Environments

Firm Efficiency, Foreign Ownership and CEO Gender in Corrupt Environments

Selected Characteristics of Business Environment in Visegrad Region

Which One to Choose Multi Focus or Trade-Off Among Competitive Priorities? Evidence from Finnish SMEs

Contact Info

Product

Resources

About