Search Results - subject:"soft budget constraints"

State ownership, soft-budget constraints, and cash holdings : evidence from China's privatized firms

Megginson, William L.; Ullah, Barkat; Wei, Zuobao - In: Journal of banking & finance 48 (2014), pp. 276-291

Persistent link: https://www.econbiz.de/10010508134

Firm growth and productivity in Belarus : new empirical evidence from the machine building industry

Crespo Cuaresma, Jesús; Oberhofer, Harald; Vincelette, … - In: Journal of comparative economics : the journal of the … 42 (2014) 3, pp. 726-738

Persistent link: https://www.econbiz.de/10011297735

János Kornai's Contributions to Economic Analysis

Lindbeck, Assar - 2007

characterizations of real world socialist economies - shortage economies and production units with soft budget constraints - are …

Persistent link: https://www.econbiz.de/10010320068

Financial constraints in economic transition: Empirical evidence from Ukrainian large farms

Zinych, Nataliya; Odening, Martin; Huettel, Silke - 2007

-samples reveal a dissimilar level of financial constraints.We confirm the presence of the soft financial environment (soft budget … constraints) for theUkrainian large farms being in an unconstrained financial regime. The farms belong to thisregime if they …

Persistent link: https://www.econbiz.de/10009445140

The Dictator’s Dilemma: to Punish or to Assist? Plan Failures and Interventions under Stalin

Markevich, Andrei - Center for Economic and Financial Research (CEFIR), New … - 2007

A dictator issues an order, but the order is not carried out. The dictator does not know whether the order failed because the agent behaved opportunistically, or because his order contained some mistake. Imperfect information creates his dilemma: whether to punish the agent, or assist her or...

Persistent link: https://www.econbiz.de/10005086583

The Dictator’s Dilemma : to Punish or to Assist? Plan Failures and Interventions under Stalin

Markevich, Andrei - Department of Economics, University of Warwick - 2007

Persistent link: https://www.econbiz.de/10005583038

János Kornai’s Contributions to Economic Analysis

Lindbeck, Assar - Institutet för Näringslivsforskning (IFN) - 2007

characterizations of real world socialist economies – "shortage economies" and production units with "soft budget constraints" – are …

Persistent link: https://www.econbiz.de/10005771097

Financial constraints in economic transition: Empirical evidence from Ukrainian large farms

Zinych, Nataliya; Odening, Martin; Huettel, Silke - European Association of Agricultural Economists - EAAE - 2007

is to reveal the evidence of the both phenomena, soft budget constraints and credit rationing, investigating investment …-samples reveal a dissimilar level of financial constraints. We confirm the presence of the soft financial environment (soft budget … constraints) for the Ukrainian large farms being in an unconstrained financial regime. The farms belong to this regime if they …

Persistent link: https://www.econbiz.de/10005330942

Size and Soft Budget Constraints

Crivelli, Ernesto; Staal, Klaas - 2006

There is much evidence against the so-called "too big to fail" hypothesis in the case of bailouts to sub-national governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...

Persistent link: https://www.econbiz.de/10010263174

Sub-National Optimal Budget Allocation and Borrowing under Soft Budget Constraint

Crivelli, Ernesto - 2006

Local governments have borrowed largely from the banking system to finance their deficits instead of responding to the rigors of bond markets. This paper analizes how sub-national governments optimally reallocate the provision of public goods and decide on borrowing, in a model where the banking...

Persistent link: https://www.econbiz.de/10010263180