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Firm competitiveness determinants: results of a panel data analysis

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  • Tibor Lalinsky

    (National Bank of Slovakia)

Abstract

This paper combines results of a questionnaire survey with firm level data in order to better explain firm competitiveness. To do this, survey-based information about perceived factors is used to improve explanatory power of quantitative factors. Results from the firm level panel data model confirm that most of the top individual, sector-specific and macro factors of perceived company competitiveness are statistically significant. Different size of the effect across considered competitiveness indicators (proxied by indicators of profitability, productivity, and export performance and market share) suggests that appropriate policy measures aiming at higher overall competitiveness may vary depending on preferred definition of competitiveness. From among the factors we find that perceived impact of energy costs, EU membership and developed consumer sectors count among the most influential ones.

Suggested Citation

  • Tibor Lalinsky, 2013. "Firm competitiveness determinants: results of a panel data analysis," Working and Discussion Papers WP 4/2013, Research Department, National Bank of Slovakia.
    • Handle: RePEc:svk:wpaper:1025
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    Cited by:

    1. HOROBEȚ Alexandra & VRÎNCEANU Georgiana Maria, 2021. "Foreign Exchange and Oil Exposure of CEE Companies: Risks for Investors in Financial and Energy Industries," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    2. Uchenna Efobi & Tanankem Belmondo & Emmanuel Orkoh & Scholastica N. Atata & Opeyemi Akinyemi & Ibukun Beecroft, 2018. "Environmental Pollution Policy of Small Businesses in Nigeria and Ghana: Extent and Impact," Research Africa Network Working Papers 18/050, Research Africa Network (RAN).
    3. Mogoseanu Daniela Bianca, 2013. "The Influence Of Financial Policies On Return On Assets Ratio. An Econometric Study For Romanian Manufacturing Firms," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(41), pages 197-204.
    4. Syed Zagham Abbas & Syed Amad Nadeem, 2018. "Firm Internal Factors and Competitive Position of Export-oriented Companies in Pakistan: Evidence from the Textile Sector," Business and Economic Research, Macrothink Institute, vol. 8(3), pages 29-39, September.
    5. Chikán, Attila & Czakó, Erzsébet & Kiss-Dobronyi, Bence & Losonci, Dávid, 2022. "Firm competitiveness: A general model and a manufacturing application," International Journal of Production Economics, Elsevier, vol. 243(C).
    6. Elif Akben-Selcuk, 2016. "Factors Affecting Firm Competitiveness: Evidence from an Emerging Market," IJFS, MDPI, vol. 4(2), pages 1-10, May.
    7. Veronika Kajurova & Dagmar Linnertova, 2018. "The Impact of Loose Monetary Policy on the Competitiveness of Czech Firms," ACTA VSFS, University of Finance and Administration, vol. 12(1), pages 43-73.
    8. Abdoulaye Kané, 2022. "Measurement of total factor productivity: Evidence from French construction firms," EconomiX Working Papers 2022-9, University of Paris Nanterre, EconomiX.

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    More about this item

    Keywords

    competitiveness; qualitative factors; firm-level data; panel data;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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