Firm Performance and Selection in an emerging Economy: Micro Evidence from Slovenia
AbstractWe investigate the determinants of firm survival and growth (employment and sales), in the context of transition from plan to market, using firm data from Slovenia spanning from 1994 to 1998 and OLS and Heckman selection models. Firm and industry pre-transition conditions including size, ownership, financial constraints, trade and market structure are used to understand what firms best performed in the Slovenian transition. Small, private, exporting and capital intensive firms grew the fastest. Large firms with positive profits and higher sunk costs were more likely to survive compare to firms with harder financial constraints, high costs or trading abroad.
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Bibliographic InfoPaper provided by Royal Economic Society in its series Royal Economic Society Annual Conference 2003 with number 127.
Date of creation: 04 Jun 2003
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firm growth and survival; owndership; competition; financial constraints;
Find related papers by JEL classification:
- P2 - Economic Systems - - Socialist Systems and Transition Economies
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
- L6 - Industrial Organization - - Industry Studies: Manufacturing
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- Stefan Buehler & Christian Kaiser & Franz Jaeger, 2004.
"Competition Policy and Exit Rates: Evidence from Switzerland,"
0405, University of Zurich, Socioeconomic Institute, revised Apr 2005.
- Buehler Stefan & Kaiser Christian & Jaeger Franz, 2005. "Competition Policy and Exit Rates: Evidence from Switzerland," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-30, November.
- Ghosh, Saibal, 2009. "Do productivity and ownership really matter for growth? Firm-level evidence," Economic Modelling, Elsevier, vol. 26(6), pages 1403-1413, November.
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