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Which Institutions Are Important for Firms Performance? Evidence from Bayesian Model Averaging Analysis

Wirtschaftswissenschaften

Autoren:
Fidrmuc, Jarko, Siddiqui, Martin, Kapounek, Svatopluk
Titel:
Which Institutions Are Important for Firms Performance? Evidence from Bayesian Model Averaging Analysis
Kurzzitat:
Fidrmuc, Jarko, Siddiqui, Martin, Kapounek, Svatopluk: Which Institutions Are Important for Firms Performance? Evidence from Bayesian Model Averaging Analysis, Panoeconomicus, 2017; Jg. 64 (4): 383-400: https://doi.org/10.2298/PAN151015031F (download: http://www.panoeconomicus.rs/casopis/2017_4/01%20Jarko%20Fidrmuc,%20Svatopluk%20Kapounek%20and%20Martin%20Siddiqui.pdf) .
Publikationstyp:
Originalarbeiten in wissenschaftlichen Fachzeitschriften mit Review-Verfahren
Abstract:
Using a rich dataset on individual firms in selected EU countries between 2005 and 2012, we document a surprisingly high share of assets tied in highly inefficient firms. Moreover, we discuss different channels through which institutions may affect firm financial developments and thus the long-run growth. Using Bayesian model averaging analysis, we discuss the importance of different types of economic, financial and political institutions. We show that high institutional quality improves the financial conditions of firms. However, too lax business regulations may worsen firms’ performance possibly due to excessive risk taking behavior.
URL
https://doi.org/10.2298/PAN151015031F
Kontakt:
Zeppelin-Lehrstuhl für Internationale Wirtschaftstheorie & -politik (eingerichtet 05 / 2011)

Am Seemooser Horn 20
88045 Friedrichshafen

Tel: +49 7541 6009-1241
Fax: +49 7541 6009-1299
Email: jarko.fidrmuc@zu.de
http://www.zeppelin-university.de/deutsch/lehrstuehle/internationales_management/internationales_management_profil.php
Forschungsbericht der Abteilung für das Jahr 2017