BUSINESS ENVIRONMENT, EXPORTS, OWNERSHIP, AND FIRM PERFORMANCE

• 成果类型: Article
• 署名作者: Commander, Simon; Svejnar, Jan
• 署名单位: Center for Economic & Policy Research (CEPR); University of Michigan System; University of Michigan
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00135
• 发表日期: 2011-02
• 页码: 309-337
• 关键词: corporate performance; privatization; constraints

摘要

We use two large samples of firms to assess the effects of business environment constraints, competition, export orientation, and ownership on firm performance. We deal with omitted variables, errors in variables, and endogeneity, and find that few business constraints affect performance. Replicating the analysis with Doing Business and Heritage Foundation indicators of the business environment yields similar results. In fact, country fixed effects, reflecting time-invariant differences in the business environment as well as other factors such as health care and education, matter more for firm performance than differences in the business environment across firms within countries.