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Too Many to Fail? Inter-Enterprise Arrears in Transition Economies
Hildebrandt, Antje - 2007
In advanced market economies, the use of trade credits is an important way of short-term financing and generally considered as being part of normal business practice. Some transition economies, however, have experienced a rapid accumulation of trade credits which have led to interlocking webs of...
Persistent link: https://www.econbiz.de/10014224059
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Soft Budget Constraint in EU Transition Economy Enterprises
Moore, Tomoe - 2011
to guarantee their survival by means of either a direct or an indirect injection of credit. The credit markets of the … credit in financing capital formation, exhibiting the prevalence of SBCs. However, the cost of capital becomes more important …
Persistent link: https://www.econbiz.de/10013132920
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The investment behaviour of dairy farms in transition economies
Fertő, Imre; Bojnec, Štefan; Fogarasi, József; … - In: Baltic journal of economics 21 (2021) 1, pp. 60-84
This article investigates dairy farm investment behaviour and the presence of soft budget constraints in the dairy farms of Baltic and Central European transition countries - Estonia, Hungary and Slovenia - using individual dairy farm accountancy panel data for the years 2007–2015. The...
Persistent link: https://www.econbiz.de/10012582210
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Can EU conditionality remedy soft budget constraints in transition countries?
Brücker, Herbert; Schröder, Philipp J. H.; Weise, … - 2003
Persistent link: https://www.econbiz.de/10001954016
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Can EU conditionality remedy soft budget constraints in transition countries?
Brücker, Herbert; Schröder, Philipp J. H.; Weise, … - 2003
Soft budget constraints (SBCs) are a persistent feature of transition economies and have been blamed for i.a. a lack of fiscal consolidation and sluggish growth. EU eastward enlargement has - among other things - been conditioned on tackling SBCs. This paper analyzes such outside conditionality...
Persistent link: https://www.econbiz.de/10011439058
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The value of business networks in emerging economies : an analysis of firms' external financing opportunities
Owolabi, Oluwarotimi; Pal, Sarmistha - 2011
The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minimize the underlying agency costs of lending. An analysis of recent BEEPS data from fifteen...
Persistent link: https://www.econbiz.de/10009307402
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Is loan dollarization contagious across countries? : evidence from transition economies
Neanidis, Kyriakos C.; Savva, Christos S. - 2015
Persistent link: https://www.econbiz.de/10011311216
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Transition Results and Perspectives of (Un)Healthy Credit Growth in Central, Eastern and South-Eastern Europe
Haiss, Peter R. - 2011
most CESEE countries included triggers for strong credit growth, especially in the private sector. What are the transition … results on the macro level? Does this credit growth contribute to financial and economic development or is there a risk of a … transition-driven overshooting? We review the literature and empirical studies on financial development, credit growth and …
Persistent link: https://www.econbiz.de/10013117817
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The Value of Business Networks : An Analysis of Firm Financing in Transition Economies
Owolabi, Oluwarotimi Ayokunnu - 2009
The paper argues that the networked firms have an advantage in securing bank finance in countries with weak legal and judicial institutions. An analysis of recent BEEPS data from sixteen CEE transition countries lends some support to this hypothesis. Firms affiliated to business associations are...
Persistent link: https://www.econbiz.de/10013154767
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Credit Institutions, Ownership and Bank Lending in Transition Countries
Wachtel, Paul - 2016
institutions – credit institutions and the legal and regulatory structure – are important determinants of the success of a banking … with credit registers or bureaus for the recording of loans …
Persistent link: https://www.econbiz.de/10012995048