This paper investigates whether the economic transition has resulted in more efficient firms? And how? The focus is on the role that ownership transformations have played including a discussion and test of why foreign owned firms should be expected to exhibit a higher level of technical efficiency. As empirical case is used aggregates of firms into branches in Polish manufacturing in the period 1993-98. The frontier production function approach is adopted at the industry level to estimate technical efficiency. Results confirm that the transition has had a general efficiency enhancing effect, however, with an average larger dispersion of firms from the moving technological frontier over time. Results do not confirm that foreign ownership lead to higher efficiency in at least half of the industries included in the study. But the remaining state owned enterprises including the minority owned firms resulting from the Polish mass privatisation programme are clearly the least efficient groups of firms in all industries during the period of the study.
|Udgivelses sted||Copehagen Business School|
|Status||Udgivet - 1 jun. 2001|