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dc.contributor.authorJanuszewski, Silke I.en_US
dc.contributor.authorKöke, Jensen_US
dc.contributor.authorWinter, Joachim K.en_US
dc.coverage.temporal1986-1994en_US
dc.date.accessioned2009-02-16T14:54:31Z-
dc.date.available2009-02-16T14:54:31Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/24344-
dc.description.abstractProductivity growth has been slow in many continental European countries over the last few decades, especially in comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are two of the main reasons for this phenomenon. However, predictions from theoretical models are far from unambiguous, and empirical evidence is sparse, in particular at the level of individual firms. In this paper, we aim to close this gap with an econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 manufacturing firms over the 1986-94 period, we find that firms operating in industries which are characterized by more intensive product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in Germany?s bank-based system of internal control, ownership concentration is harmful for productivity growth.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 99-63en_US
dc.subject.jelD43en_US
dc.subject.jelD24en_US
dc.subject.jelG32en_US
dc.subject.ddc330en_US
dc.subject.keywordcompetitionen_US
dc.subject.keywordcorporate governanceen_US
dc.subject.keywordproductivityen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwWettbewerben_US
dc.subject.stwCorporate Governanceen_US
dc.subject.stwCobb-Douglas-Produktionsfunktionen_US
dc.subject.stwSchätzungen_US
dc.subject.stwVergleichen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwUSAen_US
dc.titleProduct market competition, corporate governance and firm performance: an empirical analysis for Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn30991051Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5275-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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