scholarly journals DOES CRIME AFFECT FIRM PERFORMANCE: EVIDENCE FROM POST-TRANSITION ECONOMIES

Author(s):  
Valerija Botrić
2002 ◽  
Vol 52 (3) ◽  
pp. 307-325 ◽  
Author(s):  
P. Kalmi

Privatisation to employees has been common in Estonia and in other transition economies, but some evidence suggests that employee ownership is declining. In this paper, I use the concept of “degeneration” from the literature of worker co-operatives to explain this decline. In the first part of the paper, I draw from the literature of complementarities in firm performance and apply the argument to the problem of stability of ownership structures. In the second part of the paper, I use evidence from management interviews and employee questionnaires taken at six Estonian enterprises with employee ownership. The evidence suggests that employee ownership is rapidly declining in Estonia. The main reason for the decline is that ownership is not extended to new employees.


2021 ◽  
Author(s):  
Phan Anh Tu ◽  
Le Khuong Ninh ◽  
Do Thuy Huong

This study investigates the impact of the managers’ experience and gender on the relationship between internationalization and business performance of manufacturing firms in Turkey. Based on a dataset collected by the World Bank, including 263 manufacturing enterprises in Turkey, we find that more well-experienced managers can positively improve the relationship between internationalization and firm performance. In contrast, this relationship will be reduced when the business has a female executive manager. This result adds to the empirical evidence and reinforces the theory of internationalization, especially in transition economies. The research implications are to help policymakers promulgate appropriate policies to support and accelerate the internationalization of businesses.


2019 ◽  
Vol 140 ◽  
pp. 271-280 ◽  
Author(s):  
Veland Ramadani ◽  
Robert D. Hisrich ◽  
Hyrije Abazi-Alili ◽  
Léo-Paul Dana ◽  
Laxman Panthi ◽  
...  

2015 ◽  
Vol 59 (1) ◽  
pp. 93-102 ◽  
Author(s):  
Shqipe Gërguri-Rashiti ◽  
Veland Ramadani ◽  
Hyrije Abazi-Alili ◽  
Léo-Paul Dana ◽  
Vanessa Ratten

2012 ◽  
Vol 8 (2) ◽  
pp. 283-309 ◽  
Author(s):  
Shaomin Li ◽  
Jun Xia ◽  
Cheryl Xiaoning Long ◽  
Justin Tan

The transformation of state-owned enterprises (SOEs) into efficient entities has been an important approach in transition economies. However, the transition literature reveals little about how control structure affects firm performance of transformed SOEs. Drawing on agency theory, we distinguish three modes of control in transformed SOEs: state-controlled, dispersedly controlled, and privately controlled modes and argue that actual control after transformation plays a critical role in determining performance. Examining the impact of different control modes in China, we find that the key is who controls the transformed firm. Non-state-controlled (dispersedly controlled and privately controlled) firms are more likely to have enhanced post-transformation performance and reduced agency costs than state-controlled firms.


2021 ◽  
Vol 5 (1) ◽  
pp. 243-280
Author(s):  
Rajiv D. Banker ◽  
Tracie S. Frost ◽  
Ahmed M. Abdelhamid ◽  
Muktak K. Tripathi

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