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Unlike previous empirical work concerning investment behavior and the determinants of liquidity constraints, we use a … through 2002 we find that: (i) investment behavior is characterized by two distinct regimes; (ii) the likelihood of being … essentially stable during the whole period under consideration; (iv) ownership structure affects investment beyond its indirect …
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The paper studies financing constraints for R&D over the latest boom and bust episode in Central and Eastern Europe (CEE). Given that financial and venture capital markets in CEE are thin in comparison to those in high-income economies and that many of CEE countries experienced a credit crunch...
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