Investment and financial constraints in transition economies: micro evidence from Poland, the Czech Republic, Bulgaria and Romania
Rizov, Marian and Vandenbussche, H. and Konings, J. (2003) Investment and financial constraints in transition economies: micro evidence from Poland, the Czech Republic, Bulgaria and Romania. Economics Letters, 78 (2). pp. 253-258. ISSN 0165-1765
Full text is not in this repository.
This item is available in the Library Catalogue
We investigate to what extent firm investment in transition countries is sensitive to internal finance. We find that firms in Bulgaria and Romania are less sensitive to internal financing constraints, in contrast to firms in Poland and the Czech Republic. A likely explanation is that Bulgaria and Romania experience a stronger persistence of soft budget constraints than the other two more advanced countries.
|Research Areas:||Business School > Economics and International Development|
|Citations on ISI Web of Science:||28|
|Deposited On:||02 Dec 2008 14:36|
|Last Modified:||12 May 2014 15:32|
Repository staff only: item control page
Full text downloads (NB count will be zero if no full text documents are attached to the record)
Downloads per month over the past year