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Firm Growth in Advanced Stages of Economic Transition: Evidence from Slovak Industry

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  • Ivana Studená

Abstract

This article analyzes the reaction of firms to transition in adjusting firm size. The author offers an empirical analysis in the context of the firm-growth model with emphasis on the presence of ownership and corporate-structure effects.There is no evidence for a general firm-growth/firm-size relationship. On the other hand, the author finds evidence that firm growth is a function of size for firms of a particular type. Specifically, there is an inverse growth-size relationship for privately owned joint-stock companies. Examining the character of these effects, the author concludes that their character is transitory: It corresponds to events related to exogenous settings of economic privatization and the economic restructuring process rather than tangible ownership or corporate-governance effects.

Suggested Citation

  • Ivana Studená, 2004. "Firm Growth in Advanced Stages of Economic Transition: Evidence from Slovak Industry," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 54(9-10), pages 436-455, September.
  • Handle: RePEc:fau:fauart:v:54:y:2004:i:9-10:p:436-455
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    File URL: http://journal.fsv.cuni.cz/storage/990_s_436_455.pdf
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    Cited by:

    1. Jesús Cuaresma & Harald Oberhofer & Gallina Vincelette, 2014. "Institutional barriers and job creation in Central and Eastern Europe," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-29, December.

    More about this item

    Keywords

    firm growth; firms; transition; ownership; industry; Slovak Republic;

    JEL classification:

    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L0 - Industrial Organization - - General

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