Search Results - subject:"Soft budget constraint"

Drook-Gal, Bat-Sheva; Epstein, Gil S.; Nitsan, Shemuʾel - In: Journal of economic behavior & organization : JEBO 54 (2004) 3, pp. 377-387

Persistent link: https://www.econbiz.de/10002106570

Swedish local government : is there a bailout problem?

Hagen, Jürgen von; Dahlberg, Matz - In: Fiscal federalism in unitary states, (pp. 47-76). 2004

Persistent link: https://www.econbiz.de/10002425721

The effects of the Korean income taxation on labor supply and welfare : piecewise-linear budget constraint approach combined with IV estimation

Lee, Chul-in - In: The Korean economic review 20 (2004) 2, pp. 239-262

Persistent link: https://www.econbiz.de/10003738013

Vlijanie regionalʹnogo paternalizma na kreditovanie rossijskich predprijatij

Achmedov, Achmed M.; Orlov, Evgenij G. - 2004

Persistent link: https://www.econbiz.de/10002584851

Soft budget constraints, enterprise restructuring, and economic reform policy : the cases of Bulgaria and Romania

Calacean, Gelu; Aligica, Paul - In: Eastern European economics 42 (2004) 1, pp. 75-95

Persistent link: https://www.econbiz.de/10015109587

Government's Budget Constraint, Competition, and Privatization : Evidence from China's Rural Industry

Li, Hongbin - 2004

This paper examines the determinants of privatization in Chinese rural industry by using data that we collected from Southern China in 1998. By employing several econometric specifications, we find that the probability of a firm being privatized increases with the degree of product market...

Persistent link: https://www.econbiz.de/10014072379

Good Cop, Bad Cop: Complementarities between Debt and Equity in Disciplining Management

Guembel, Alexander; White, Lucy - Department of Economics, Oxford University - 2003

In this paper we examine how the quantity of information generated about firm prospects can be improved by splitting a firmââ‚¬â„¢s cash flow into a ââ‚¬Ëœsafeââ‚¬â„¢ claim (debt) and a ââ‚¬Ëœriskyââ‚¬â„¢ claim (equity). The former, being relatively...

Persistent link: https://www.econbiz.de/10011146261

An Empirical Approach for Evaluating Soft Budget Constraints

Pettersson-Lidbom, Per; Dahlberg, Matz - Nationalekonomiska Institutionen, Uppsala Universitet - 2003

softness of a budget constraint. The defining feature of a soft budget constraint is a subordinate organization’s expectations … organization’s expectations for being bailed out to its fiscal behavior in order to quantify the extent of the soft budget … government provided a total of 1,697 bailouts between 1974 and 1992. Our results strongly suggest the existence of a soft budget …

Persistent link: https://www.econbiz.de/10005644549

Investment, Credit Rationing, and the Soft Budget Constraint: What Would a Well-Functioning Credit Market Look Like?

Hanousek, Jan; Filer, Randall K. - EconWPA - 2003

IV estimates of the link between profits and investment in the Czech Republic find a complex relationship. While firms may occasionally be credit rationed or face soft budget constraints, investments generally flow to industries with the greatest profit potential or need for recapitalization

Persistent link: https://www.econbiz.de/10005135117

Tax Offsets or Netting Operations in Post-Soviet Public Finance

ANDERSON, JOHN E. - In: Emerging Markets Finance and Trade 39 (2003) 3, pp. 27-41

Post-Soviet economies are plagued by a public sector practice whereby the Ministry of Finance cancels tax liabilities that enterprises owe it in exchange for debts the Ministry owes enterprises. Although the practice seems innocuous enough to its practitioners, it has multiple distorting...

Persistent link: https://www.econbiz.de/10005225784