This paper reviews institutional and structural challenges in countries preparing for EU membership, i.e. Albania, Bosnia and Herzegovina, Kosovo*, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey. Sound institutions and solid economic structures are not only the...

Several studies have found that plant turnover contributes to productivity growth. This evidence is consistent with the idea that, by reducing the protection granted to inefficient firms, trade liberalization generates the productivity gains associated with resource reallocation from less...

In this paper we analyze the relationship between survival, employment growth and firm size in Chile, an economy that has reduced largely its trade barriers in the last three decades. We are particularly interested in analyzing whether small and medium sized enterprises (SMEs) have experienced...

Using firm-level information for 11 large emerging economies for the 2003-2014 period, this article analyses the impact of firm investment ratio depending on the presence of institutional ownership and the effects of institutional investor heterogeneity on firm financial constraints. Results...

Recent theoretical models have shown that when demand is slack, firms tend to introduce new management practices and/or reorganize their production methods; however, few micro econometric studies deal directly with the relationship between organizational change and economic crises. In this...