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In this paper we investigate to what extent firm investment in transition countries is sensitive to internal finance. We use accounts data of over 4000 companies in four countries at different stages of transition. We find that firms in Bulgaria and Romania are less sensitive to internal...
Persistent link: https://www.econbiz.de/10010313248
In this paper we investigate to what extent firm investment in transition countries is sensitive to internal finance. We use accounts data of over 4000 companies in four countries at different stages of transition. We find that firms in Bulgaria and Romania are less sensitive to internal...
Persistent link: https://www.econbiz.de/10014088225
estimate market power (i.e. price-cost margins) and to analyze how these are affected by privatization and increased …
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