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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

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

Investment, Credit Rationing, and the Soft Budget Constraint : Evidence from Czech Panel Data

Svejnar, Jan - 2001

Persistent link: https://www.econbiz.de/10012742601

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

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

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

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

Self-Fulfilling Credit Market Freezes

Bebchuk, Lucian; Goldstein, Itay - National Bureau of Economic Research (NBER) - 2010

This paper develops a model of a self-fulfilling credit market freeze and uses it to study alternative governmental responses to such a crisis. We study an economy in which operating firms are interdependent, with their success depending on the ability of other operating firms to obtain...

Persistent link: https://www.econbiz.de/10008635935

Regulatory Agencies: Impact on Firm Performance and Social Welfare

Estache, Antonio; A. Rossi, Martin - European Centre for Advanced Research in Economics and … - 2009

We explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. We exploit a dataset comprising firmlevel information on a representative sample of 220 electric utilities from 51 development countries for the period 1985 to 2005. Our...

Persistent link: https://www.econbiz.de/10005827110

Bidders' Entry and Auctioneers' Rejection: Applying a Double Selection Model to Road Procurement Auctions

Estache, Antonio; Iimi, A. - European Centre for Advanced Research in Economics and … - 2009

Limited competition has been a serious concern in infrastructure procurement. Importantly, however, there are normally a number of potential bidders initially showing interest in proposed projects. This paper focuses on tackling the question why these initially interested bidders fade out. An...

Persistent link: https://www.econbiz.de/10005827114