체제전환국가 내 기업들의 경영성과 분석

초록

Due to traditional communism heritages prevailing across transition countries as well as geographic distance from Korea, they hardly enjoy any academic interest; however, as Korean firms’ expands to European countries, those transition countries close to West European region has been highlighted as main target countries for foreign direct investments. From this perspective, this study is intended to scrutinize how transition countries are able to provide favorable business environments and how their firm performance is determined under ex-communism heritages. For this purpose, transition countries are classified into two groups: EU-group and Russia group. Intuitively, those firms within the former are more likely to perform better as they interact EU firms more actively. Main empirical results are to the followings. First, the higher the foreign ownership is, the higher the firms performance of the EU group while the higher the state ownership is, the higher the firms performance of the Russia group is. Second, the higher the labor cot is, those firms within the EU group rather than the Russia group perform better. Third, compared to the Russia group, the EU group shows higher resilience on competition and is more likely to innovate. The empirical results suggest that there exist obvious firm performance differences between the two groups.

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