Diese Arbeit hat zum Ziel, marktunterstützende institutionelle Reformen im Transformationsprozess zu analysieren. Als Einstieg in die Thematik wird die Aufnahme mittel- und osteuropäischer Länder in die Europäische Union mit der zurückliegenden Süderweiterung der Europäischen Gemeinschaft...

This paper uses a survey of 3,300 firms in 25 transition countries to shed light on the factors that influence restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three-year period. We begin by surveying what a decade of...

Due to the persistence of relatively soft budget constraints and poor government credibility, the survival strategy of Romanian state-sector firms means eschewing profit maximization in the short run in favor of insider utility maximization. This takes the form of attempts at both reducing...

I put forward a new theoretical framework to analyze the relationship between soft budget constraint syndrome and the economic performances of firms. It differs from the existing theoretical framework, à la Dewatripont and Maskin (1995), in the soft budget constraint literature. In this paper,...

Este trabajo propone un marco analítico para analizar el grado de cumplimiento de los objetivos presupuestarios en marcos descentralizados, considerando factores económicos e institucionales. Este marco se aplica a las Comunidades Autónomas (CCAA) de España en el período 2002-2015. En el...

This paper addresses the question of financial constraints in Ukrainian agriculture intransition. The main objective is to reveal the evidence of the both phenomena, soft budgetconstraints and credit rationing, investigating investment behaviour of large farms in Ukraine.Our empirical analysis...

National greenhouse gas (GHG) mitigation strategy can benefit from information on the technical and economic viability of abatement options. The life-cycle-analysis (LCA) and marginal abatement cost curve (MACC) approaches provide a good, although partial, indication for the potential of...

This dissertation analyzes where and when experienced investors add value to startups. Building on the resource-dependence theory and the relational view of the firm, I argue that the positive effect of investor experience on startup performance is stronger when the startup faces a more...

Wage inequality is a particular focus of attention not only in public debates over the need for social regulation to support equity, but those over the implications of social regulation for productive performance. The present paper employs panel techniques to examine the comparative historical...