| Tekijä: | Nickell, S. Nicolitsas, D. Dryden, N. |
| Otsikko: | What makes firms perform well? |
| Lehti: | European Economic Review
1997 : VOL. 41:3-5, p. 783-796 |
| Asiasana: | FINANCIAL RISK DEBT ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | In this paper the authors investigate the role of three external factors in generating improved productivity performance in companies. These are product market competition, financial market pressure and shareholder control. The authors have found, using data from around 580 UK manufacturing companies, that all three of these are associated with some degree of increased productivity growth. More specifically, average rents normalised on value-added are negatively related to productivity growth. |
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