Corporate governance and firm's efficiency: The case of a transitional country, Ukraine

Zelenyuk, Valentin and Zheka, Vitaliy (2006) Corporate governance and firm's efficiency: The case of a transitional country, Ukraine. Journal of Productivity Analysis, 25 1-2: 143-157. doi:10.1007/s11123-006-7136-8

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Author Zelenyuk, Valentin
Zheka, Vitaliy
Title Corporate governance and firm's efficiency: The case of a transitional country, Ukraine
Journal name Journal of Productivity Analysis   Check publisher's open access policy
ISSN 0895-562X
1573-0441
Publication date 2006-04-01
Sub-type Article (original research)
DOI 10.1007/s11123-006-7136-8
Volume 25
Issue 1-2
Start page 143
End page 157
Total pages 15
Place of publication New York, NY, United States
Publisher Springer New York LLC
Language eng
Formatted abstract
In this study, we look for empirical support for the hypothesis that there is a positive relationship between the levels of corporate governance quality across firms and the relative efficiency levels of these firms. This hypothesis is related to Leibenstein's idea of X-efficiency. We use the data envelopment analysis (DEA) estimator to obtain proxies for X-[in]efficiency of firms in our sample and then analyze them with respect to different ownership structures by comparing distributions and aggregate efficiencies across different groups. We also use truncated regression with bootstrap, following Simar and Wilson Estimation and influence in two stage, semi-parametric models of production process, Simar and Zelenyuk (2003) to infer on relationship of inefficiency to various indicators of quality of corporate governance, ownership variables, as well as industry and year specific dummies. The data is coming from seven industries in Ukraine.
© Springer Science+Business Media, Inc. 2006.
Keyword Corporate governance
Efficiency
DEA
Ownership
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown
Additional Notes Special issue on Entrepreneurship, Innovation and Market Dynamics

Document type: Journal Article
Sub-type: Article (original research)
Collection: School of Economics Publications
 
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Created: Thu, 19 May 2011, 01:31:18 EST by Alys Hohnen on behalf of School of Economics