Company Performance in Ukraine: What Determines Success?
نویسنده
چکیده
2-ABSTRACT – This paper examines empirically the short run responsiveness of company performance to ownership and market structures, sector and regional specificity, and varying degrees of soft budget constraints. For a cross-sectional data set of Ukrainian firms, the paper provides evidence that post-privatization governance systems impact significantly on efficiency, notwithstanding the influence of privatization per se. The study reports improving short term performance with ownership concentration, which, for Ukraine, is particularly notable in manager-owned firms. Another finding is that market environment – reflected by market structure and softness of budget constraints – has a notable role in determining short run firm performance. Finally, the results suggest a significant influence of industry affiliation and regional location in shaping firm performance in Ukraine.
منابع مشابه
Company Performance in Ukraine What Governs its Success
All opinions expressed here are those of the author and not those of the Economics Education and Research Consortium Research dissemination by the EERC may include views on policy, but the EERC itself takes no institutional policy positions The observable outcomes of post-Soviet economic reforms have generated large interest and controversy in the transition debate. Privatization and market com...
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