Table of contents alert
Do you want to receive an email alert about new issue?


Volume 54, Issue 9 -10


Firm Growth in Advanced Stages of Economic Transition: Evidence from Slovak Industry

Studená, Ivana

Year: 2004   Volume: 54   Issue: 9 -10   Pages: 436-455

Abstract: This article analyzes the reaction of firms to transition in adjusting firm size. The author offers an empirical analysis in the context of the firm-growth model with emphasis on the presence of ownership and corporate-structure effects.There is no evidence for a general firm-growth/firm-size relationship. On the other hand, the author finds evidence that firm growth is a function of size for firms of a particular type. Specifically, there is an inverse growth-size relationship for privately owned joint-stock companies. Examining the character of these effects, the author concludes that their character is transitory: It corresponds to events related to exogenous settings of economic privatization and the economic restructuring process rather than tangible ownership or corporate-governance effects.

JEL classification: P31, D21, L0

Keywords: firm growth; firms; transition; ownership; industry; Slovak Republic


RePEc: n/a

pdf Attachment [PDF] print Print   Recommend to others Recommend to others