Gao, Shumei; Schaffer, Mark E.; Gao, Shumei; Schaffer, … - William Davidson Institute, University of Michigan - 1998
This paper makes some selective comparisons of the empirical evidence relating to financial discipline and soft budget constraints in the enterprise sector in China and the transition countries of Central and Eastern Europe and the former Soviet Union (CEEFSU). The paper finds that: (1) in both...
