Firms’ distance to the European productivity frontier

Autor:	Dolores Añon Higon, MARIA ENGRACIA ROCHINA BARRACHINA, Juan A. Sanchis Llopis, Amparo Sanchis Llopis, Juan A. Mañez
Rok vydání:	2022
Předmět:	total factor productivity european union countries Economics Econometrics and Finance (miscellaneous) institutional factors frontier frms UNESCO::CIENCIAS ECONÓMICAS laggard frms General Business Management and Accounting great recession
Zdroj:	Añón Higón, D., Máñez, J.A., Rochina-Barrachina, M.E. et al. Firms’ distance to the European productivity frontier. Eurasian Bus Rev 12, 197–228 (2022).
ISSN:	2147-4281 1309-4297
DOI:	10.1007/s40821-022-00207-2
Popis:	In this article we explore the factors contributing to reduce the distance of laggard firms to the European frontier, focusing on institutional factors. To characterize Total Factor Productivity frontier firms within industries for the European Union we use firm level data from AMADEUS for the period 2003–2014. Our findings provide evidence on the importance of governance quality and easiness in getting credit in explaining the distance of laggard firms to the European productivity frontier. We also find that other factors at the country level -tertiary education, R&D stock, and trade openness- and at the firm level -size, age, and capital-intensity- influence the distance of laggards to the frontier. In addition, we examine the role of the Great Recession in moderating the contribution of all these factors to reduce firms’ distance to the European productivity frontier.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8168264012649c1af0ebd2ceaffe948d https://doi.org/10.1007/s40821-022-00207-2 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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