Drivers of Competitiveness in the Manufacturing Industry: The Case of Technology Sectors in Greece
نویسندگان
چکیده
This paper investigates empirically the main determinants of firm competitiveness under conditions of economic turmoil, with the use of panel data techniques. The study is based on firm-level financial data of 693 firms from the high and medium technology manufacturing sectors in Greece, and covers the time period 1996-2011, distinguishing between the pre-crisis (1996-2007) and the post-crisis (2008-2011) period. The results show that the key factors determining firm competitiveness are size, age, leverage, capital intensity and new fixed assets formation. Also, economic crisis has been found to change significantly, and in some cases dramatically, the pattern of the tested relationship.
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