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Export Orientation and Its Impact on Enterprise Restructuring in Ukraine

  • Iryna Akimova
Conference paper

Abstract

On the micro-economic level international integration means that enterprises should move in a direction, which is characteristic for companies participating in a market economy, i.e. they should undertake the necessary restructuring measures and participate in international trade. The involvement in export and import activities provides an enterprise with better access to international markets, and facilitates the introduction of international standards regarding product quality, product innovation, cost levels and marketing strategies. In fact, in developed countries, export-oriented enterprises usually demonstrate better performance compared to firms that operate only within the domestic market. In the transitional context, export orientation should be expected to play an important role in encouraging enterprises to restructure. However, most recent empirical literature on restructuring of large industrial enterprises, following their privatisation, has focused only on the role of privatisation and on hardening of budget constraints. At times competition and human capital aspects were also included. Some studies on trade re-orientation of enterprise in transition economies have found little evidence for a relationship between the enterprises’ export orientation and conventional measures of performance (Peters and Claessens, 1996). This might be due to a time lag between a change in export orientation and the related effect on performance results.

Keywords

Budget Constraint Ownership Structure Total Sale Former Soviet Union Export Share 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2001

Authors and Affiliations

  • Iryna Akimova

There are no affiliations available

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