Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75020 
Year of Publication: 
2001
Series/Report no.: 
LICOS Discussion Paper No. 104
Publisher: 
Katholieke Universiteit Leuven, LICOS Centre for Transition Economics, Leuven
Abstract: 
This paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure, measured by market structure, and increased import penetration are associated with higher firm perfirmance in Poland irrespective of the ownership structure of firms. Furthfirmore the positive effects of increased import competition are reinforced for foreign owned firms. In contrast, in Bulgaria and Romania, increased import penetration is associated with lower firm perfirmance, while there is some evidence that more competitive market structures is associated with higher total factor productivity. However, these effects depend on the ownership structure of firms, which suggests the existence of complementarities between competitive pressure and ownership changes. The results also indicate that privatisation has positive effects on firm perfirmance. In particular, domestic private firms and foreign owned firms outperfirm state owned firms. Furthfirmore, there is evidence that foreign owned firms do better than domestically owned private firms especially in Bulgaria and Poland. The results on ownership are somewhat weaker for Romania.
Subjects: 
competitive pressure
privatisation
firm performance
JEL: 
D24
D40
D42
J42
L10
L33
P23
P31
Document Type: 
Working Paper

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