Investment Efficiency And Credit Rationing Evidence From Hungarian Panel Data PDF Download
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Author | : MATHILDE MAUREL |
Publisher | : |
Total Pages | : 21 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download INVESTMENT, EFFICIENCY, AND CREDIT RATIONING EVIDENCE FROM HUNGARIAN PANEL DATA Book in PDF, ePub and Kindle
Author | : Roberta Gatti |
Publisher | : World Bank Publications |
Total Pages | : 25 |
Release | : 2002 |
Genre | : |
ISBN | : |
Download Does Access to Credit Improve Productivity? Book in PDF, ePub and Kindle
"Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth on the micro-level is scant. Using data from a cross section of Bulgarian firms, the authors estimate the impact of access to credit (as proxied by indicators of whether firms have access to a credit or overdraft facility) on productivity. To overcome potential omitted variable bias of OLS estimates, they use information on firms' past growth to instrument for access to credit. The authors find credit to be positively and strongly associated with total factor productivity. These results are robust to a wide range of robustness checks. "--World Bank web site.
Author | : Emilio Colombo |
Publisher | : Springer Science & Business Media |
Total Pages | : 179 |
Release | : 2006-01-27 |
Genre | : Business & Economics |
ISBN | : 379081671X |
Download Financial Market Imperfections and Corporate Decisions Book in PDF, ePub and Kindle
We would like to thank Akos Valentinyi and Mark Schaffer for their advice on various stages of this research project. We also would like to thank our col leagues at the Department of Economics of the University of Milan - Bicocca for their advice and support. This book is the result of a long term project financed by various research grants: in particular the Phare-Ace programme (Project P-96-6151-R) and a research grant from the Italian Ministry of Education under the young researchers scheme. Milan, March 2005 Emilio Colombo Luca Stanca Contents Introduction 1 Financial market imperfections and corporate decisions: theory and evidence 7 2. 1 Introduction 7 2. 2 Financial market imperfections, investment and cycles 9 2. 2. 1 The Stiglitz view 9 2. 2. 2 Agency costs and macroeconomic fluctuations 15 2. 2. 3 Assessing the differences 18 2. 2. 4 Further developments 20 2. 2. 5 Empirical evidence 22 2. 3 Financial market imperfections and corporate capital structure 24 2. 3. 1 Asymmetric information and capital structure choice . . 25 2. 3. 2 Agency costs and capital structure choice 30 2. 3. 3 Empirical evidence 32 The transformation of the Hungarian financial system 35 3. 1 Introduction 35 3. 2 Macroeconomic background 36 3. 3 Liberalisation, privatisation and financial development 44 3. 3. 1 Banking and credit 45 3. 3. 2 Equity market 48 3. 3. 3 Foreign direct investment 49 3. 4 Financial sector reform 50 3. 4.
Author | : LASZLO HALPERN AND GABOR KOROSI |
Publisher | : |
Total Pages | : 21 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download MARK-UPS IN THE HUNGARIAN CORPORATE SECTOR Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 41 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download randall k filer and jan hanousek Book in PDF, ePub and Kindle
Author | : Lubomir Lizal and Jan Svcjnar |
Publisher | : |
Total Pages | : 72 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download Investment, Credit Rationing and the Soft Budget Constraint: Evidence from Czech Panel Data Book in PDF, ePub and Kindle
Author | : Nandini Gupta |
Publisher | : |
Total Pages | : 33 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download Partial Privatization and Firm Performance: Evidence from India Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 114 |
Release | : 2002 |
Genre | : Slovakia |
ISBN | : |
Download Slovak Republic, Selected Issues and Statistical Appendix Book in PDF, ePub and Kindle
Author | : JEROME SGARD |
Publisher | : |
Total Pages | : 28 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download DIRECT FOREIGN INVESTMENTS AND PRODUCTIVITY GROWTH IN HUMGARIAN FIRMS Book in PDF, ePub and Kindle
Author | : Zheng Zhao, Jaideep Anand, and Will Mitchell |
Publisher | : |
Total Pages | : 46 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download Transferring Collective Knowledge: Collective and Fragmented Teaching and Learning in the Chinese Auto Industry Book in PDF, ePub and Kindle