Liquidity Constraints And Investments
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Author | : Nina Budina |
Publisher | : World Bank Publications |
Total Pages | : 30 |
Release | : 2000 |
Genre | : Banks and Banking Reform |
ISBN | : |
Download Liquidity Constraints and Investment in Transition Economies Book in PDF, Epub and Kindle
"In Bulgaria and other transition economies, liquidity constraints and hence access to external funds must be seen in the context of soft budget constraints and the financial system's failure to enforce the efficient allocation of funds. Liquidity constraints in Bulgaria may be seen as a sign of financial weakness"--Cover.
Author | : Feikeh Sung |
Publisher | : |
Total Pages | : 174 |
Release | : 1993 |
Genre | : Cash management |
ISBN | : |
Download Liquidity Constraints and Investments Book in PDF, Epub and Kindle
Author | : Eelke de Jong |
Publisher | : |
Total Pages | : 0 |
Release | : 2003 |
Genre | : |
ISBN | : |
Download Liquidity Constraints and Investment in Transition Economies Book in PDF, Epub and Kindle
We use Bulgarian firm-level data to investigate the impact of liquidity constraints on investment performance. Internal funds are an important determinant of investment in most industrialized countries. We test whether internal funds are important for firm investment during the current transition process in Bulgaria. We use a simple accelerator model of investment to test whether liquidity constraints are relevant in the case of Bulgaria. Our estimations are based on data for the period 1993-95, prior to the Bulgarian financial crisis in 1996-97. It turns out that Bulgarian firms are liquidity constrained, and that firms' size and financial structure help to distinguish between firms that are more and less liquidity constrained. In our view, liquidity constraints can be given a different interpretation in the case of transition economies as compared to Western economies. A more in depth analysis of the data reveals that liquidity constraints, and consequently the access to external funds for Bulgarian firm investment, are to be seen against the background of soft-budget constraints and the failure of the financial system to enforce an efficient allocation of funds. In our view, the lack of liquidity constraints may actually be seen as a sign of financial weakness in the case of Bulgaria.
Author | : Toni M. Whited |
Publisher | : |
Total Pages | : 64 |
Release | : 1990 |
Genre | : Corporate debt |
ISBN | : |
Download Debt, Liquidity Constraints, and Corporate Investment Book in PDF, Epub and Kindle
Author | : Andreas Behr |
Publisher | : Springer Science & Business Media |
Total Pages | : 181 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3322820106 |
Download Investment and Liquidity Constraints Book in PDF, Epub and Kindle
Based on a unique database of German firms, the Deutsche Bundesbank's Corporate Balance Sheet Statistics, Andreas Behr explores the link between financial factors and a firm's investment decision within the framework of the Q-theory of investment.
Author | : Alessandra Guariglia |
Publisher | : |
Total Pages | : 26 |
Release | : 1998 |
Genre | : Cash flow |
ISBN | : |
Download Liquidity Constraints and Firms' Investment Return Behaviour Book in PDF, Epub and Kindle
Author | : Alessandra Guariglia |
Publisher | : |
Total Pages | : 26 |
Release | : 1999 |
Genre | : |
ISBN | : |
Download Liquidity Constraints and Firms' Investment Return Behavior Book in PDF, Epub and Kindle
Author | : Andreas Behr |
Publisher | : |
Total Pages | : 184 |
Release | : 2003-12-12 |
Genre | : |
ISBN | : 9783322820112 |
Download Investment and Liquidity Constraints Book in PDF, Epub and Kindle
Author | : Ignacio Hernando |
Publisher | : |
Total Pages | : 44 |
Release | : 2002 |
Genre | : Corporations |
ISBN | : |
Download Financial Constraints and Investment in France and Spain Book in PDF, Epub and Kindle
Se realiza un análisis de las obligaciones financieras en España y Francia durante el periodo 1991-1999.
Author | : Moran Blueshtein |
Publisher | : |
Total Pages | : 126 |
Release | : 2006 |
Genre | : Jews, Russian |
ISBN | : |
Download The Effects of Liquidity Constraints on Investment in Training Book in PDF, Epub and Kindle