This paper explores the capital structure of listed Vietnamese companies in the broader context of financial development (the recent expansion of domestic equity and debt capital markets). Accordingly, the paper provides the first insights into the capital structure of listed companies in one of...

This paper uses the BEEPS firm-level data to study the process of convergence of transition countries with developed market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending to firms, and how firms respond to the economic...

This study examines the effects of oligarch ownership on corporate capital structures. Using panel data from Ukraine, I find that oligarch-owned companies employ significantly more debt and liabilities than their peers. However, there is no direct relation between oligarch ownership and target...

This paper uses the BEEPS firm-level data to study the process of convergence of transition countries with developed market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending to firms, and how firms respond to the economic...

Privatization is often viewed as a necessary condition for improved corporate performance. We use a 1992-98 panel of the population of Czech industrial firms to assess the effect of mass privatization on corporate performance. Using numerous performance indicators, we find that foreign owners...

A vállalatok tulajdonosi szerkezetének megváltozása a piacgazdasági átmenet meghatározó folyamata. A sikeresség egyik mércéje lehet annak összehasonlítása, hogy jelenleg milyen különbségek tapasztalhatók a különféle tulajdonosi struktúrával működő vállalatok között....

The paper provides a framework for understanding why in Romania, like in any other Central and Eastern European country, before starting the process of enterprise restructuring, it is necessary to reform the financial sector. It also provides statistical evidence for understanding why the reform...

Az Indulatos röpirat a gazdasági átmenet ügyében című könyv számos kérdéssel foglalkozott, amelyek közül ez a tanulmány kettőt értékel. A tulajdonreformnak többféle alternatív stratégiáját támogatták az idő tájt. Az A stratégia szerves fejlődést ajánlott: az...

This paper focuses on dominant owners' use of leverage to finance their blockholdings and its relationship to dividend policy. We postulate that blockholder leverage may impact payout policy, in particular when earnings are hit by a negative shock. We use panel data for France where blockholders...