Exports and the economic performance of large state-owned enterprises in Poland: evidence from firm-level data
Katarzyna Szarzec , Wanda Nowara , Iwona Olejnik
AbstractThe aim of this paper is to investigate the relation between exports and economic performance, and the extent of state ownership in the largest non-financial enterprises in Poland in 2011–2015. We address the following research questions: (i) What is the share of export companies in the group of the largest non-financial enterprises in Poland in terms of ownership structure (stateowned and privately-owned companies) and sectors? (ii) Are there differences in the economic performance of exporting companies compared to their non-exporting counterparts? Among the largest exporters, state-owned companies and companies from the manufacturing and mining sectors still dominate. Exporting state-owned enterprises have higher productivity than non-exporters, which could be caused by their dominant position on the domestic oligopolistic market. Exporting private-owned companies performed better in the case of ROA and ROE than exporting SOEs. This could be explained by the fact that private companies have a higher efficiency of property management and are expected to pay dividends by their shareholders.
|Journal series||Ruch Prawniczy, Ekonomiczny i Socjologiczny, [Journal of law, Economics and Sociology], ISSN 0035-9629, e-ISSN 2543-9170, (N/A 40 pkt)|
|Publication size in sheets||0.3|
|Keywords in Polish||state-owned enterprises, exports, economic performance|
|Keywords in English||przedsiębiorstwa państwowe, eksport, wyniki gospodarcze|
|Score||= 40.0, 26-06-2020, ArticleFromJournal|
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