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Competition and Corporate Governance : Substitutes or Complements ? Evidence from the Warsaw Stock Exchange

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  • Irena Grosfeld
  • Thierry Tressel

Abstract

In this paper we analyse the impact of product market competition and ownership structure on corporate performance. We focus on the firms listed on the Warsaw Stock Exchange, which are either privatised or newly created firms. First, we study the separate effects of competition and ownership concentration on firm level productivity growth. Next, we investigate their interaction: are they substitutes or complements?

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Bibliographic Info

Paper provided by DELTA (Ecole normale supérieure) in its series DELTA Working Papers with number 2001-06.

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Length: 30 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:del:abcdef:2001-06

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Related research

Keywords: MARKET ; COMPETITION ; OWNERSHIP;

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Cited by:
  1. Daria Onori, 2013. "Competition and Growth: Reinterpreting their Relationship," Working Papers halshs-00806994, HAL.
  2. Manoranjan Pattanayak Author- Workplace-Name: CRISIL LIMITED & Manoj Pant, . "Corporate Governance, Competition and Firm Performance: Evidence from India," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 10-07, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.
  3. Jan Hanousek & Evzen Kocenda & Jan Svejnar, 2005. "Origin and Concentration: Corporate Ownership, Control and Performance," CERGE-EI Working Papers wp259, The Center for Economic Research and Graduate Education - Economic Institute, Prague.

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