REGIONAL COOPERATION AND ECONOMIC INTEGRATION

PART IV:
high and high technological intensity companies, due to the higher depreciation of fixed
assets and the presence of obsolete technologies.
The findings indicate that in the sample there were a higher percentage of younger
companies that had higher productivity than older companies. Low performing companies
were mostly companies with longer tradition, while younger companies belonged mostly
to the group of the high performing companies. Younger manufacturing firms employ
up-to-date equipment, have higher level of capital intensity and organize their business
processes more efficiently.
The RQ2 deals with the relationships between firms’ strategic behavior and their performance.
As the findings of one-way ANOVA presented in table 5 suggest that significant differences
existed between low and high performers in all observed variables (p