Majcen, M.;
Radošević, S.;
Rojec, M.;
(2006)
Nature and determinants of productivity growth of foreign subsidiaries in Central and East European countries.
(Economics Working Papers
68).
Centre for the Study of Economic and Social Change in Europe, SSEES, UCL: London, UK.
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Abstract
The paper examines the determinants of productivity growth in foreign manufacturing subsidiaries in five Central and East European (CEE) countries by analysing patterns of control, nature of firms' capabilities and firms' market orientation. Building on the so called 'developmental subsidiaries' perspective we show that productivity growth is determined jointly by corporate governance, production capability and market orientation variables. CEE subsidiaries have relatively strong autonomy over control of their business functions, but within a dominantly production oriented mandate. Majority foreign equity share has a significant and positive impact on subsidiaries' productivity growth. These results present very strong regional characteristic.
Type: | Working / discussion paper |
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Title: | Nature and determinants of productivity growth of foreign subsidiaries in Central and East European countries |
Open access status: | An open access version is available from UCL Discovery |
Publisher version: | http://www.ssees.ucl.ac.uk/wp68sum.htm |
Language: | English |
Keywords: | Foreign subsidiaries, productivity, Central and Eastern Europe |
UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
URI: | https://discovery.ucl.ac.uk/id/eprint/17489 |
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