IDEAS home Printed from https://ideas.repec.org/a/taf/pocoec/v25y2013i3p392-406.html
   My bibliography  Save this article

The role of corporations in economic development: Albania on its way to internationalisation

Author

Listed:
  • Janez Prašnikar
  • Fatmir Memaj
  • Tjaša Redek
  • Damjan Voje

Abstract

Albania's inward-oriented economy gradually opened to global influences during its period of transition. This eased access to markets and capital but also revealed many weaknesses in Albanian corporations. Today the country's growth strategy is based on exports. Consequently, a strong and competitive corporate sector with international potential is vital. Following the evolutionary approach in corporate governance theory, we examine internal organisation of the firm, relationships between stakeholders and Albania's historical legacy (path dependency), linking these characteristics with competitiveness and export orientation. Cluster analysis reveals two distinct groups, where cooperation between agents and human capital investment, as well as productivity and export orientation, differ significantly. In terms of development policy, the results are very important for Albania and similar countries. Beside a unique dataset, the article also introduces methodological innovations in the survey technique and represents a contribution to the literature on intangible capital.

Suggested Citation

  • Janez Prašnikar & Fatmir Memaj & Tjaša Redek & Damjan Voje, 2013. "The role of corporations in economic development: Albania on its way to internationalisation," Post-Communist Economies, Taylor & Francis Journals, vol. 25(3), pages 392-406, September.
    • Handle: RePEc:taf:pocoec:v:25:y:2013:i:3:p:392-406
    DOI: 10.1080/14631377.2013.813143
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14631377.2013.813143
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14631377.2013.813143?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Peter Nientied & Elona Karafili, 2016. "Towards a Pragmatic Perspective on Business Innovation in Western Balkan Countries: The Case of Albania," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(3), pages 193-193, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:pocoec:v:25:y:2013:i:3:p:392-406. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CPCE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.