less productive state-owned enterprise (SOE) participates and gains in shadow banking by transferring bank credit to the PE …

Auslandsverschuldung verlängern kann. Für die Transformationsländer Zentral- und Osteuropa scheinen politische Lehren in dieser Beziehung …

hypothesis. Even after controlling for other factors, firms affiliated to business associations are more likely to secure bank … against the small and medium sized firms' access to bank loans in the CEE regions. Results are robust in both single cross …-section and panel data analyses. -- business networks ; agency costs ; external firm financing ; bank loans ; transition economies …

The paper argues that the networked firms have an advantage in securing bank finance in countries with weak legal and … hypothesis. Firms affiliated to business associations are more likely to have bank finance while small and medium firms are less …