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Investment and Finance in De Novo Private Firms: Empiracal Results from the Czech Republic, Hungary and Poland

Bratkowski, Andrzej; Grosfeld, Irena; Rostowski, Jacek - William Davidson Institute, University of Michigan - 1999

capital markets in Central European economies do not seem to actually inhibit the growth of Central European transition … transition economies studied, but they provide quite a large amount of financing and do so from a remarkably early stage of the …

Persistent link: https://www.econbiz.de/10005677689

CONTRACT VIOLATIONS, NEIGHBORHOOD EFFECTS, AND WAGE ARREARS IN RUSSIA

Earle, John S.; Peter, Klara Sabirianova - William Davidson Institute, University of Michigan - 2004

We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer’s arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...

Persistent link: https://www.econbiz.de/10005784666

WHILE LABOUR HOARDING MAY BE OVER, INSIDERS’ CONTROL IS NOT. DETERMINANTS OF EMPLOYMENT GROWTH IN POLISH LARGE FIRMS, 1996-2001.

Bishop, Kate; Mickiewicz, Tomasz - William Davidson Institute, University of Michigan - 2003

. Furthermore, unlike the early transition period, we can confirm that employment adjusts to positive sales growth, not just to …This paper examines the determinants of employment changes using a panel of Polish large firms during the period 1996 …-2001. We investigate the impact of wages, output growth, investment, firm size and sectors upon employment, focusing on the …

Persistent link: https://www.econbiz.de/10005489887

Ownership and Employment in Russian Industry: 1992-1995

Linz, Susan - William Davidson Institute, University of Michigan - 1998

, Northern and Western Siberian regions of Russia, this paper examines the hypotheses that in the first stage of the transition … process (1) Russian industry exhibited a low labor elasticity, and (2) employment changes were highly correlated with … ownership structure. The first section summarizes what we know about output and employment patterns in Russian industry between …

Persistent link: https://www.econbiz.de/10005652629

Sorting, Selection, and Transformation of the Return to College Education In China

Fleisher, Belton M.; Li, Haizheng; Li, Shi; Wang, Xiaojun - William Davidson Institute, University of Michigan - 2000

We estimate selection and sorting effects on the evolution of the private return to schooling for college graduates during China’s reform between 1988 and 2002. We pay special attention to the changing role of sorting by ability versus budget-constraint effects as China’s education policy...

Persistent link: https://www.econbiz.de/10005652593

Ownership Characteristics and Access to Finance: Evidence from a Survey of Large Privatised Companies in Hungary and Poland

Isachenkova, Natalia; Mickiewicz, Tomasz - William Davidson Institute, University of Michigan - 2004

We examine financial constraints and forms of finance used for investment, by analysing survey data on 157 large privatised companies in Hungary and Poland for the period 1998 – 2000. The Bayesian analysis using Gibbs sampling is carried out to obtain inferences about the sample companies’...

Persistent link: https://www.econbiz.de/10005677539

Investment Financing in Russian Financial-Industrial Groups

Perotti, Enrico C.; Gelfer, Stanislav - William Davidson Institute, University of Michigan - 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/10005677603

Competitive Shocks and Industrial Structure: The Case of Polish Manufacturing

Ghemawatt, Pankaj; Kennedy, Robert E. - William Davidson Institute, University of Michigan - 1997

A large number of countries have recently experienced competitive shocks: sudden increases in the role that market forces play in determining the evolution of various industries. In this paper, we study the implications of Poland's competitive shock for three elements of the structure of that...

Persistent link: https://www.econbiz.de/10005489873

Job Search Behavior of Unemployed in Russia

Smirnova, Natalia - William Davidson Institute, University of Michigan - 2003

This paper explores the determinants of job search behavior, search intensity and choices of search methods of the unemployed workers in transitional Russia. We use pooled data from rounds 5-9 of the Russia Longitudinal Monitoring Survey (RLMS) to estimate the effects of socio-economic factors...

Persistent link: https://www.econbiz.de/10005489879

Technological Progress Through Trade Liberalization in Transition Countries

Kandogan, Yener - William Davidson Institute, University of Michigan - 2003

technological gap with more advanced countries. In this paper, the case of transition countries is analyzed. A simple model of …

Persistent link: https://www.econbiz.de/10005489881