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Manove, Michael; Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1998

In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …

Persistent link: https://www.econbiz.de/10005791403

Growing like China

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2009

credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …

Persistent link: https://www.econbiz.de/10005123794

Entrepreneurial Innovations, Competition and Competition Policy

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2008

We construct a model where an entrepreneur could either innovate for entry or for sale. It is shown that increased product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased competition reduces entrants' and acquirers' profits in a...

Persistent link: https://www.econbiz.de/10005497863

The Taxation of Entrepreneurial Income in a Transition Economy: Issues Raised by Experience in Poland

MEP, Grabowski; Maciej, Dariusz; Smith, Stephen - C.E.P.R. Discussion Papers - 1995

to the taxation of entrepreneurs in transition economies. …

Persistent link: https://www.econbiz.de/10005656322

The land that Lean manufacturing forgot? Management practices in transition countries

Bloom, Nicholas; Schweiger, Helena; Van Reenen, John - C.E.P.R. Discussion Papers - 2011

We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...

Persistent link: https://www.econbiz.de/10009207520

The Effect of Privatization and Competitive Pressure on Firms' Price-Cost Margins: Micro Evidence from Emerging Economies

Konings, Jozef; Van Cayseele, Patrick; Warzynski, Frederic - C.E.P.R. Discussion Papers - 2003

This Paper uses representative firm level panel data of 1,701 Bulgarian and 2,047 Romanian manufacturing firms to estimate market power (i.e. price-cost margins) and to analyse how these are affected by privatization and increased competitive pressure. In contrast to earlier work that analyses...

Persistent link: https://www.econbiz.de/10005667013

Development of Ownership Structure and its Effect on Performance: Czech Firms from Mass Privatisation

Kocenda, Evzen - C.E.P.R. Discussion Papers - 2002

This Paper works with a broad data sample of Czech voucher-privatized firms during 1996-99. It analyses the development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in 1996 and steadily increased. The single largest owner...

Persistent link: https://www.econbiz.de/10005788907

Do Locational Spillovers Pay? Empirical Evidence from German IPO Data

Audretsch, David B; Lehmann, Erik E - C.E.P.R. Discussion Papers - 2005

This study examines the impact locational spillovers have on firm performance. Based on a uniquely created dataset consisting of high-technology start-ups publicly listed in Germany, this paper tests the proposition of locational spillovers positively affecting firm performance, as measured by...

Persistent link: https://www.econbiz.de/10005497946

The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland

Angelucci, Manuela; Estrin, Saul; Konings, Jozef; … - C.E.P.R. Discussion Papers - 2001

This Paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...

Persistent link: https://www.econbiz.de/10005504242

Corruption as a Barrier to Entry: Theory and Evidence

Campos, Nauro F; Estrin, Saul; Proto, Eugenio - C.E.P.R. Discussion Papers - 2010

Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...

Persistent link: https://www.econbiz.de/10008682881