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What Makes Firms Perform Well?

Abstract:

In this paper, we investigate the role of three external factors in generating improved productivity performance in companies. These are product market competition, financial market pressure and shareholder control. We have found, using data from around 580 UK manufacturing companies, that all three of these are associated with some degree of increased productivity growth. More specifically, average rents normalised on value-added (an inverse measure of competition) are negatively related to ...

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Publisher:
Centre for Economic Performance, LSE,
Host title:
CEP Discussion Papers
Series:
CEP Discussion Papers
Publication date:
1996-01-01
Language:
English
UUID:
uuid:e7a396f0-c37c-46c8-8105-20464e4130a2
Local pid:
oai:economics.ouls.ox.ac.uk:11804
Deposit date:
2011-08-16

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