Which institutions are important for firms performance? Evidence from Bayesian model averaging analysis

Which institutions are important for firms performance? Evidence from Bayesian model averaging analysis

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 g...

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Bibliographic Details
Main Authors: Fidrmuc Jarko, Kapounek Svatopluk, Siddiqui Martin
Format: Article
Language:English
Published: Economists' Association of Vojvodina 2017-01-01
Series:Panoeconomicus
Subjects:
institutional quality
insolvency
inefficient firms
Bayesian model averaging
Online Access:http://www.doiserbia.nb.rs/img/doi/1452-595X/2017/1452-595X1600031F.pdf

Internet

http://www.doiserbia.nb.rs/img/doi/1452-595X/2017/1452-595X1600031F.pdf

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