06/01: Practice Makes Profit: Business Practices and Firm Success
[ Last Updated 29 October 2007 ]
Short Description
This study finds that four categories of business practices are particularly important for New Zealand firm performance: (i) up-to-date capital equipment; (ii) "high performance" employee-related practices; (iii) R&D; and (iv) market research.
Author
Richard Fabling and Arthur Grimes
Released: 14 November 2006
This is a revised version of a paper presented to the New Zealand Association of Economists conference, Auckland, June 2003. The views expressed are those of the authors and do not necessarily reflect the position of their employers. We thank Ed Lazear, Bob Buckle, Dean Hyslop and Hayden Johnston for their helpful comments.
Richard Fabling works for the Ministry of Economic Development, New Zealand.
Arthur Grimes is from Motu Economic & Public Policy Research and University of Waikato.
Contact: occasionalpapers@med.govt.nz
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