Efficiency and Ownership Structure: The Case of Poland

24 Pages Posted: 26 Feb 2008

See all articles by Karl-Markus Modén

Karl-Markus Modén

affiliation not provided to SSRN

Pehr-Johan Norbäck

Research Institute of Industrial Economics (IFN)

Lars Persson

Research Institute of Industrial Economics (IFN); Centre for Economic Policy Research (CEPR)

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 green-fields 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 green-fields have the highest average labor productivity, while foreign privatizations show the largest productivity increase.

Suggested Citation

Modén, Karl-Markus and Norbäck, Pehr-Johan and Persson, Lars, Efficiency and Ownership Structure: The Case of Poland. World Economy, Vol. 31, Issue 3, pp. 437-460, March 2008, Available at SSRN: https://ssrn.com/abstract=1096756 or http://dx.doi.org/10.1111/j.1467-9701.2007.01065.x

Karl-Markus Modén (Contact Author)

affiliation not provided to SSRN

No Address Available

Pehr-Johan Norbäck

Research Institute of Industrial Economics (IFN) ( email )

Box 55665
Grevgatan 34, 2nd floor
Stockholm, SE-102 15
Sweden

Lars Persson

Research Institute of Industrial Economics (IFN) ( email )

Box 55665
Grevgatan 34, 2nd floor
Stockholm, SE-102 15
Sweden

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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