southern enlargement. Research in the following chapters is devoted to the problem of soft budget constraints in transition … countries. Firstly, theories on the causes of soft budget constraints are empirically tested. Therefore a panel data set … representing a systematic phenomenon supporting soft budget constraints of firms in transition. Thirdly, macroeconomic data is …

-economies or whether trade credits represent a systematic phenomena supporting soft budget constraints of firms in transition …

market-economies or whether trade credits represent a systematic phenomena supporting soft budget constraints of firms in …

Several theoretical explanations for the presence of soft budget constraints have recently been put forward in the … literature. The purpose of this paper is to empirically test these theories on the causes of soft budget constraints. We … period 1996-1990. Our results suggest that the probability of finding soft budget constraints importantly depends on the …

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 …

the new market environment. We go on to analyse the impact on performance of ownership, soft budget constraints, the … development of new products). Soft budget constraints have a broadly negative and the business environment a broadly positive …

the new market environment. We go on to analyse the impact on performance of ownership, soft budget constraints, the … development of new products). Soft budget constraints have a broadly negative and the business environment a broadly positive …

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 …