Search Results - subject:"Financial Transition"

Social-financial approach for analyzing financial transitions

Wu, Xifeng; Yue, Shen; Chen, Jin; Chen, Yu - In: Financial innovation : FIN 9 (2023) 1, pp. 1-23

us to analyze the evolution of financial transition and efficiency, and we argue that market efficiency evolves in stages … with the financial transition. Finally, to demonstrate the capability of SFA to identify diverse financial transition …

Persistent link: https://www.econbiz.de/10014289109

Investment Financing in Russian Financial-Industrial Groups

Perotti, Enrico C.; Gelfer, Stanislav - 1998

We study whether Russian Financial-Industrial Groups facilitate access by Russian firms to investment finance. We compare firms which are members of official Financial Industrial Groups and/or are owned by a large Russian bank with a control set of large firms categorized by dispersed ownership...

Persistent link: https://www.econbiz.de/10009477477

Investment Financing in Russian Financial-Industrial Groups

Perotti, Enrico C.; Gelfer, Stanislav - William Davidson Institute, University of Michigan - 1998

Persistent link: https://www.econbiz.de/10005677603

Bank Restructuring and Soft Budget Constraints in Financial Transition

Berglöf, Erik; Roland, Gérard - C.E.P.R. Discussion Papers - 1995

This paper analyses in a formal model the problem of achieving financial discipline in a transitional economy with bank-intermediated finance. Even if banks have no intrinsic interest in refinancing unprofitable firms, they may still exploit the softness of government. By gambling for government...

Persistent link: https://www.econbiz.de/10005123522