Investment and financial constraints in transition economies: micro evidence from Poland, the Czech Republic, Bulgaria and Romania

Article

Rizov, M., Vandenbussche, H. and Konings, J. 2003. Investment and financial constraints in transition economies: micro evidence from Poland, the Czech Republic, Bulgaria and Romania. Economics Letters. 78 (2), pp. 253-258. https://doi.org/10.1016/S0165-1765(02)00210-0
TypeArticle
TitleInvestment and financial constraints in transition economies: micro evidence from Poland, the Czech Republic, Bulgaria and Romania
AuthorsRizov, M., Vandenbussche, H. and Konings, J.
Abstract

We investigate to what extent firm investment in transition countries is sensitive to internal finance. We find that firms in Bulgaria and Romania are less sensitive to internal financing constraints, in contrast to firms in Poland and the Czech Republic. A likely explanation is that Bulgaria and Romania experience a stronger persistence of soft budget constraints than the other two more advanced countries.

JournalEconomics Letters
ISSN0165-1765
Publication dates
Print01 Feb 2003
Publication process dates
Deposited02 Dec 2008
Output statusPublished
Digital Object Identifier (DOI)https://doi.org/10.1016/S0165-1765(02)00210-0
LanguageEnglish
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