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Nature and determinants of productivity growth of foreign subsidiaries in Central and East European countries

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. Green open access

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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
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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