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Competition and Firm Performance in Transition Economies: Evidence from Firm Level Surveys in Slovenia, Hungary and Romania

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  • Konings, Jozef

Abstract

In this paper firm level data are used to test whether competition affects productivity performance in three transition countries, Hungary, Romania and Slovenia. The data are based on interviews taken in more than 300 state-owned, privatized and newly-established private firms between September 1996 and April 1997. The paper finds evidence that long-run competitive pressure has a positive impact on firm performance in Hungary and Slovenia, but not in Romania, while in Romenia short-run competitive pressure has a positive impact on performance. The paper also finds evidence that ownership matters. Traditional firms (being state-owned and privatized enterprises) tend to perform worse than newly-established firms in Hungary and Slovenia. In Romania, the results are somewhat mixed; state-owned enterprises do worse than employee-owned (privatized) and newly-established private firms.

Suggested Citation

  • Konings, Jozef, 1997. "Competition and Firm Performance in Transition Economies: Evidence from Firm Level Surveys in Slovenia, Hungary and Romania," CEPR Discussion Papers 1770, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1770
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    Cited by:

    1. Dinara Alpysbayeva & Jozef Konings & Venkat Subramanian & Aigerim Yergabulova, 2022. "Wage dispersion and firm performance: evidence from Kazakhstan," Working Papers 2022/01, Nazarbayev University, Graduate School of Business.
    2. Stefan Bojnec & Ana Xavier, 2004. "Entry and exit in transition economies: the Slovenian manufacturing sector," Post-Communist Economies, Taylor & Francis Journals, vol. 16(2), pages 191-214.
    3. Estrin, Saul & Konings, Jozef & Angelucci, Manuela & Zólkiewski, Zbigniew, 2001. "The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries," CEPR Discussion Papers 2985, C.E.P.R. Discussion Papers.
    4. Brown, J David & Earle, John, 2001. "Privatization, Competition and Reform Strategies: Theory and Evidence from Russian Enterprise Panel Data," CEPR Discussion Papers 2758, C.E.P.R. Discussion Papers.
    5. El-hadj Bah & Josef C. Brada, 2014. "Labor Markets in the Transition Economies: An Overview," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 11(1), pages 3-53, June.
    6. Rumen Lazarov, 2001. "The Innovative Activity of the Companies (After the Model of Pleven, Lovech, Veliko Tarnovo and Gabrovo Districts)," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 132-158.
    7. Maryanchyk Ivan, "undated". "Market Structure and Profitability in a Transition Economy: Ukrainian Case," EERC Working Paper Series 03-06e, EERC Research Network, Russia and CIS.
    8. Brown, J David & Earle, John, 2000. "Competition And Firm Performance: Lessons From Russia," CEPR Discussion Papers 2444, C.E.P.R. Discussion Papers.
    9. Earle, John S. & Telegdy, Almos, 2002. "Privatization Methods and Productivity Effects in Romanian Industrial Enterprises," Journal of Comparative Economics, Elsevier, vol. 30(4), pages 657-682, December.
    10. Dobrodey Vladimir & Gimadi Ilya & Perevalov Yuri, 2001. "The Impact of Privatisation on the Performance of Medium and Large Industrial Enterprises," EERC Working Paper Series 2k/01e, EERC Research Network, Russia and CIS.
    11. Maiga, Adam S., 2014. "Assessing self-selection and endogeneity issues in the relation between activity-based costing and performance," Advances in accounting, Elsevier, vol. 30(2), pages 251-262.
    12. Saul Estrin & Jozef Konings & Zbigniew Zolkiewski & Manuela Angelucci, 2001. "The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries. Micro Evidence from Bulgaria, Romania and Poland," LICOS Discussion Papers 10401, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    13. Xiang Liu & Hylke Vandenbussche, 2002. "EU Antidumping Cases against China: An Overview and Future Prospects with Respect to China's WTO Membership," LICOS Discussion Papers 11902, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    14. Claessens, Stijn & Djankov, Simeon, 2002. "Privatization benefits in Eastern Europe," Journal of Public Economics, Elsevier, vol. 83(3), pages 307-324, March.
    15. Stefan Bojnec, 2003. "Wage formation during economic transformation: macroeconomic facts and firm survey evidence from Slovenia," Post-Communist Economies, Taylor & Francis Journals, vol. 15(4), pages 571-593.
    16. Yu, Wusheng & Jensen, Trine Vig, 2003. "Trade Preferences, WTO Negotiations and the LDCs: the case of the "Everything But Arms" Initiative," Conference papers 331124, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    17. Andreyeva Tatiana, 2003. "Company Performance in Ukraine: What Governs its Success," EERC Working Paper Series 03-01e, EERC Research Network, Russia and CIS.
    18. Schnytzer, Adi & Andreyeva, Tatiana, 2002. "Company performance in Ukraine: is this a market economy?," Economic Systems, Elsevier, vol. 26(2), pages 83-98, June.

    More about this item

    Keywords

    Competition; Hungary; Ownership; performance; Romania; Slovenia;
    All these keywords.

    JEL classification:

    • L00 - Industrial Organization - - General - - - General
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General

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