Multilevel Modeling in Exploring Institutional Effects on Performance
The article engages in exploring the differences between standard panel regression model and multilevel panel model while estimating growth models on a sample of European food manufacturing companies for period 2004–2013. The article provides an overview of both approaches, critically identifies the...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Mendel University Press
2016-01-01
|
| Series: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| Subjects: | |
| Online Access: | https://acta.mendelu.cz/64/6/2087/ |
| _version_ | 1818343507025199104 |
|---|---|
| author | Vojtěch Olbrecht |
| author_facet | Vojtěch Olbrecht |
| author_sort | Vojtěch Olbrecht |
| collection | DOAJ |
| description | The article engages in exploring the differences between standard panel regression model and multilevel panel model while estimating growth models on a sample of European food manufacturing companies for period 2004–2013. The article provides an overview of both approaches, critically identifies their strengths and weaknesses and concludes by recommendation on specifics of usage of each of those. Results of models suggest positive impact of political and legal framework and openness of economy and negative impact of government expenditures and economic conditions on firm performance. Comparison of approaches shows that similar results are obtained, though with relative higher significance of multilevel model’s coefficient. Theoretical background of Growth Theory and statistical methods suggest preference of multilevel model with a constrain of data availability. |
| first_indexed | 2024-12-13T16:31:41Z |
| format | Article |
| id | doaj.art-e8bd11e91fd04990a0d96fd0ee3f03ff |
| institution | Directory Open Access Journal |
| issn | 1211-8516 2464-8310 |
| language | English |
| last_indexed | 2024-12-13T16:31:41Z |
| publishDate | 2016-01-01 |
| publisher | Mendel University Press |
| record_format | Article |
| series | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| spelling | doaj.art-e8bd11e91fd04990a0d96fd0ee3f03ff2022-12-21T23:38:30ZengMendel University PressActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis1211-85162464-83102016-01-016462087209410.11118/actaun201664062087Multilevel Modeling in Exploring Institutional Effects on PerformanceVojtěch Olbrecht 0Faculty of Business and Economics, Mendel university in Brno, Zemědělská 1, 602 00 Brno, Czech RepublicThe article engages in exploring the differences between standard panel regression model and multilevel panel model while estimating growth models on a sample of European food manufacturing companies for period 2004–2013. The article provides an overview of both approaches, critically identifies their strengths and weaknesses and concludes by recommendation on specifics of usage of each of those. Results of models suggest positive impact of political and legal framework and openness of economy and negative impact of government expenditures and economic conditions on firm performance. Comparison of approaches shows that similar results are obtained, though with relative higher significance of multilevel model’s coefficient. Theoretical background of Growth Theory and statistical methods suggest preference of multilevel model with a constrain of data availability.https://acta.mendelu.cz/64/6/2087/multilevel modelinstitutionsgrowth modelpanel regressionmicroeconomyEuropean Union |
| spellingShingle | Vojtěch Olbrecht Multilevel Modeling in Exploring Institutional Effects on Performance Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis multilevel model institutions growth model panel regression microeconomy European Union |
| title | Multilevel Modeling in Exploring Institutional Effects on Performance |
| title_full | Multilevel Modeling in Exploring Institutional Effects on Performance |
| title_fullStr | Multilevel Modeling in Exploring Institutional Effects on Performance |
| title_full_unstemmed | Multilevel Modeling in Exploring Institutional Effects on Performance |
| title_short | Multilevel Modeling in Exploring Institutional Effects on Performance |
| title_sort | multilevel modeling in exploring institutional effects on performance |
| topic | multilevel model institutions growth model panel regression microeconomy European Union |
| url | https://acta.mendelu.cz/64/6/2087/ |
| work_keys_str_mv | AT vojtecholbrecht multilevelmodelinginexploringinstitutionaleffectsonperformance |