Search Results - subject:"Budget constraint"

Determinants of enterprise restructuring in Ukraine : the role of managerial ownership and human capital

Akimova, Iryna; Schwödiauer, Gerhard - 2001

Persistent link: https://www.econbiz.de/10014461172

Does Protection Harden Budget Constraints?

Everaert, Greetje; Vandenbussche, Hylke - 2001

In this paper we analyse the effects of soft budget constraints in an international context. Firstly, we show that soft budget constraints in an exporting country lead to higher levels of trade protection in the recipient country. Secondly, the model predicts that protectionist trade policy...

Persistent link: https://www.econbiz.de/10014129984

Soft Budget Constraints, Pecuniary Externality, and Financial Dual Track

Che, Jiahua - 2001

cases. Our argument is as follows. First, a hard budget constraint alone is not sufficient to induce sound firm performances … leads to a soft budget constraint. Under decentralized financing, budget constraint is hard, but firms suffer from low … soft budget constraint syndrome in the state sector and the remarkable growth of the non-state sector in China …

Persistent link: https://www.econbiz.de/10014034733

Soft budget constraint theories : from centralization to the market

Maskin, Eric; Xu, Chenggang - 2001

Persistent link: https://www.econbiz.de/10013423349

Corporate borrowing and financing constraints

Inderst, Roman; Müller, Holger M. - 2001

Persistent link: https://www.econbiz.de/10013423383

Essential facility financing and market structure

Caillaud, Bernard - 2001

Persistent link: https://www.econbiz.de/10013423409

Hardened budgets and enterprise restructuring : theory and an application to Romania

Coricelli, Fabrizio - 2001

Persistent link: https://www.econbiz.de/10013423533

Financial Pressure and the Behaviour of Public Enterprises Under Soft and Hard Budget Constraints : Evidence from Italian Panel Data

Bertero, Elisabetta; Rondi, Laura - 2001

This paper studies the effect of the hardening of the budget constraint on the behaviour of public enterprises. Drawing … budget constraint regimes by investigating the financial discipline enforced by debt across the two regimes. Using a panel of … increasing productivity and reducing employment in a hard budget constraint environment …

Persistent link: https://www.econbiz.de/10014140580

On the causes of soft budget constraints : firm-level evidence from Bulgaria and Romania

Everaert, Greetje (contributor); … - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001635610

Do Firms in Transition Economies Have Soft Budget Constraints? A Reconsideration of Concepts and Evidence

Schaffer, Mark E. - 2001

This paper first examines various definitions of Kornai's soft budget constraint (SBC) and the difficulties involved in …

Persistent link: https://www.econbiz.de/10014067071