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Hardening a soft budget constraint through "upward devolution" to a supranational institution: the case of the European Union and Italian state-owned firms

Bertero, Elisabetta; Rondi, Laura - In: Ownership and governance of enterprises : recent …, (pp. 124-158). 2003

Persistent link: https://www.econbiz.de/10001822005

Hardening a soft budget constraint through 'upward devolution' to a supranational institution : the case of Italian state-owned firms and the European Union

Bertero, Elisabetta; Rondi, Laura - 2002

Persistent link: https://www.econbiz.de/10001660292

Financial pressure and the behaviour of public enterprises under soft and hard budget constraints : evidence from Italian panel data

Bertero, Elisabetta; Rondi, Laura - In: Journal of public economics 75 (2000) 1, pp. 73-98

Persistent link: https://www.econbiz.de/10001432572

Does a switch of budget regimes constrain managerial discretion? : Evidence for Italian public enterprises investment

Bertero, Elisabetta (contributor); Rondi, Laura (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001660142

Does a switch of budget regimes affect investment and managerial discretion of state-owned enterprises? : Evidence from Italian firms

Bertero, Elisabetta; Rondi, Laura - In: Journal of comparative economics : the journal of the … 30 (2002) 4, pp. 836-863

Persistent link: https://www.econbiz.de/10001726907

Financial Pressure and the Behaviour of Public Enterprises Under Soft and Hard Budget Constraints : Evidence from Italian Panel Data

Bertero, Elisabetta; Rondi, Laura - 2001

This paper studies the effect of the hardening of the budget constraint on the behaviour of public enterprises. Drawing from finance theory, we provide empirical evidence of a change in behaviour of public enterprises between soft and hard budget constraint regimes by investigating the financial...

Persistent link: https://www.econbiz.de/10014140580