Comparing the Impact of Credit Constraints on the Growth of SMEs in a Transition Country with an Established Market Economy

In this paper we compare the role of internal finance on the growth of firms between a leading transition country, Slovenia and an established market economy, Belgium. We find that firms in Slovenia are more sensitive to internal financing constraints than their Belgian counterparts. This would suggest that although Slovenian firms are no longer recipients of soft budget constraints, capital markets are not yet functioning properly.

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Year of publication:	2004
Authors:	Hutchinson, John ; Xavier, Ana
Institutions:	LICOS Centre for Institutions and Economic Performance, Faculteit Economie en Bedrijfswetenschappen
Subject:	financial constraints \| transition economics \| manufacturing

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Series:	LICOS Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	G32 - Financing Policy; Capital and Ownership Structure ; P2 - Socialist Systems and Transitional Economies ; L6 - Industry Studies: Manufacturing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005590798