"Politick\u00E1 ekonomie" . "CZ - \u010Cesk\u00E1 republika" . "62" . . "11640" . "[65A3D787BBF8]" . . . . . . "I, P(GAP403/12/0080)" . . "RIV/00216208:11640/14:00429905!RIV15-MSM-11640___" . "0032-3233" . "Hanousek, Jan" . . "20"^^ . "3"^^ . "Efficiency of European firms"@en . "http://www.vse.cz/polek/953" . "Shamshur, Anastasiya" . . . "This paper analyzes the technological efficiency of companies in the European Union (EU). Our extensive database covers more than 4 million firm/year observations from many EU countries including both manufacturing and service sectors in 2001\u20132007. Methodologically we apply a model of a stochastic production productivity frontier. We show that: the economic signifikance of company age is negligible, the higher the debt the greater the efficiency, bigger companies are less efficient, and a medium-level concentration of the market benefits companies. Majority ownership, in contrast, does not lead to higher efficiency, but a combination of majority and minority ownership has a positive disciplinary influence leading to higher efficiency. As to the origins of ownership, it does not seem that foreign-(co-)owned companies imply greater efficiency in old European countries, whereas foreign ownership is a significant driver of efficiency in new EU members through FDI."@en . "3"^^ . . "Efektivita evropsk\u00FDch firem"@cs . "Ko\u010Denda, Ev\u017Een" . . "Efektivita evropsk\u00FDch firem" . "foreign direct investments; ownership structure; technological efficiency"@en . "RIV/00216208:11640/14:00429905" . "13054" . "Efektivita evropsk\u00FDch firem" . "V \u010Dl\u00E1nku analyzujeme v\u00FDvoj efektivity evropsk\u00FDch firem v obdob\u00ED 2001-2007 a to, jak je efektivite ovlivn\u011Bna charakteristikami firmy a trhu i vlastnickou strukturou. Ukazujeme \u017Ee (i) ekonomick\u00FD vliv st\u00E1\u0159\u00ED firmy je zanedbateln\u00FD, (ii) v\u011Bt\u0161\u00ED firmy jsou m\u00E9n\u011B efektivn\u00ED, (iii) v\u011Bt\u0161\u00ED pod\u00EDl dluhu p\u0159isp\u00EDv\u00E1 k efektivit\u011B podniku, a (iv) st\u0159edn\u00ED tr\u017En\u00ED koncentrace, znamenaj\u00EDc\u00ED v\u011Bt\u0161\u00ED konkurenci, je prosp\u011B\u0161n\u00E1. V\u011Bt\u0161inov\u00E9 vlastnictv\u00ED samotn\u00E9 ve v\u011Bt\u0161in\u011B zem\u00ED k efektivit\u011B jednozna\u010Dn\u011B nep\u0159isp\u00EDv\u00E1. Na druhou stranu, ve firm\u00E1ch, kde v\u011Bt\u0161inov\u00FD vlastn\u00EDk mus\u00ED respektovat men\u0161inov\u00E9ho akcion\u00E1\u0159e bez ohledu na jeho typ, m\u00E1 tato struktura pozitivn\u00ED disciplin\u00E1rn\u00ED vliv vedouc\u00ED ke zv\u00FD\u0161en\u00ED efektivity." . . . . "V \u010Dl\u00E1nku analyzujeme v\u00FDvoj efektivity evropsk\u00FDch firem v obdob\u00ED 2001-2007 a to, jak je efektivite ovlivn\u011Bna charakteristikami firmy a trhu i vlastnickou strukturou. Ukazujeme \u017Ee (i) ekonomick\u00FD vliv st\u00E1\u0159\u00ED firmy je zanedbateln\u00FD, (ii) v\u011Bt\u0161\u00ED firmy jsou m\u00E9n\u011B efektivn\u00ED, (iii) v\u011Bt\u0161\u00ED pod\u00EDl dluhu p\u0159isp\u00EDv\u00E1 k efektivit\u011B podniku, a (iv) st\u0159edn\u00ED tr\u017En\u00ED koncentrace, znamenaj\u00EDc\u00ED v\u011Bt\u0161\u00ED konkurenci, je prosp\u011B\u0161n\u00E1. V\u011Bt\u0161inov\u00E9 vlastnictv\u00ED samotn\u00E9 ve v\u011Bt\u0161in\u011B zem\u00ED k efektivit\u011B jednozna\u010Dn\u011B nep\u0159isp\u00EDv\u00E1. Na druhou stranu, ve firm\u00E1ch, kde v\u011Bt\u0161inov\u00FD vlastn\u00EDk mus\u00ED respektovat men\u0161inov\u00E9ho akcion\u00E1\u0159e bez ohledu na jeho typ, m\u00E1 tato struktura pozitivn\u00ED disciplin\u00E1rn\u00ED vliv vedouc\u00ED ke zv\u00FD\u0161en\u00ED efektivity."@cs . "Efektivita evropsk\u00FDch firem"@cs . "Efficiency of European firms"@en . . "3" . . . "000338595400001" .