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Investment, Credit Rationing, and the Soft Budget Constraint : Evidence from Czech Panel Data
Svejnar, Jan - 2002
Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on industrial firms in the Czech Republic during 1992-98, we find that (a) foreign owned companies invest the most and cooperatives the least, (b) private firms do not invest more than...
Persistent link: https://www.econbiz.de/10012787425
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Depreciation Rates in a Transition Economy : Evidence from Czech Panel Data
Lizal, Lubomir - 2002
This paper examines industrial differences in depreciation rates and the suitability of financial data for a microeconomic analysis. Depreciation is a main source of enterprise investment and serves as a source for replacement of obsolete or used-up capital. The findings on capital structure in...
Persistent link: https://www.econbiz.de/10012741991
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Investment, Credit Rationing, and the Soft Budget Constraint : Evidence from Czech Panel Data
Svejnar, Jan - 2001
Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on industrial firms in the Czech Republic during 1992-98, we find that (a) foreign owned companies invest the most and cooperatives the least, (b) private firms do not invest more than...
Persistent link: https://www.econbiz.de/10012742601
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Financial Conditions and Investment During the Transition : Evidence from Czech Firms
Lizal, Lubomir - 2000
In this paper, we examine net investment during the early stages of transition using micro data on the population of medium and large industrial firms in the Czech Republic during the 1992-95 period. We examine the relevance of alternative models of investment and test if investment behavior...
Persistent link: https://www.econbiz.de/10012743182
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Effects of Ownership and Financial Status on Corporate Environmental Performance
Earnhart, Dietrich; Lizal, Lubomir - Center for Economic Research and Graduate Education and … - 2002
This paper analyzes the effects of ownership structure on corporate environmental performance and examines the link between financial performance to environmental performance in a transition economy. In particular, it analyzes these ownership effects and this performance link using an unbalanced...
Persistent link: https://www.econbiz.de/10005086610
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Effect of Enterpise Break-Ups on Performance: Case of Former Yugoslav Republic of Macedonia
Domadenik, Polona; Lizal, Lubomir; Pahor, Marko - Center for Economic Research and Graduate Education and … - 2003
The empirical transition literature on the comparison of restructuring prior to privatization is quite limited … privatization. Using firm-level data, we estimate the effects of the break-ups of enterprises on the subsequent performance of the … “master enterprises” and spun off divisions during the period of privatization. We estimate the performance effects by …
Persistent link: https://www.econbiz.de/10005086669
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Pollution Control in a Transition Economy: Do Firms Face Economies and/or Diseconomies of Scale?
Earnhart, Dietrich; Lizal, Lubomir - Center for Economic Research and Graduate Education and … - 2010
We empirically assess whether firms face economies and/or diseconomies of scale with respect to air pollution control …
Persistent link: https://www.econbiz.de/10008599397
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Effects of Ownership and Financial Status on Corporate Environmental Performance
Earnhart, Dietrich; Lizal, Lubomir - C.E.P.R. Discussion Papers - 2002
This Paper analyses the effects of ownership structure on corporate environmental performance and examines the link from financial performance to environmental performance in a transition economy. In particular, it analyses these ownership effects and this performance link using an unbalanced...
Persistent link: https://www.econbiz.de/10005123506
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Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises
Lizal, Lubomir - William Davidson Institute, University of Michigan - 1999
The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign trade liberalization in the Czech Republic. It also focuses on the effect of "soft" macroeconomic environment on the microeconomic decisions. A dynamic investment function with...
Persistent link: https://www.econbiz.de/10005677415
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Financial Conditions and Investment during the Transition: Evidence from Czech Firms
Lizal, Lubomir; Svejnar, Jan - EconWPA - 2001
In this paper, we examine net investment during the early stages of transition using micro data on the population of medium and large industrial firms in the Czech Republic during the 1992-95 period. We examine the relevance of alternative models of investment and test if investment behavior...
Persistent link: https://www.econbiz.de/10005407697