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Efficiency and Ownership Structure – The Case of Poland

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  • Modén, Karl-Markus

    ()
    (Södertörn University College)

  • Norbäck, Pehr-Johan

    ()
    (Research Institute of Industrial Economics (IFN))

  • Persson, Lars

    ()
    (Research Institute of Industrial Economics (IFN))

Abstract

We examine the effects of foreign entry on productive efficiency during the Polish investment liberalization. The performance of foreign acquisitions is compared to foreign firms entering the market through greenfield entry, as well as domestic acquisitions of privatized firms, domestic greenfields and remaining state-owned (non-privatized) firms during the period 1995-2000. We find that foreign privatized firms have realized larger productivity gains than all types of domestic firms and that this is not due to higher price-cost margins, which is consistent with the idea that foreign firms bring in firm-specific knowledge. Foreign greenfields have the highest average labour productivity, while foreign privatizations show the largest productivity increase.

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Bibliographic Info

Paper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 703.

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Length: 39 pages
Date of creation: 13 Apr 2007
Date of revision:
Handle: RePEc:hhs:iuiwop:0703

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Keywords: Privatizations; M As; FDI; Foreign Ownership; Productivity;

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References

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  4. Norbäck, Pehr-Johan & Persson, Lars, 2006. "Investment Lilberalization - Why a Restrictive Cross-Border Merger Policy can be Counterproductive," Working Paper Series 666, Research Institute of Industrial Economics.
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Cited by:
  1. Karpaty, Patrik, 2004. "Are foreign owned firms more productive? Evidence from Swedish firm data," Working Papers 2004:6, Örebro University, School of Business.

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