- Tytuł:
- AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES
- Autorzy:
- Volz, Ulrich
- Powiązania:
- https://bibliotekanauki.pl/articles/450566.pdf
- Data publikacji:
- 2010
- Wydawca:
- Uniwersytet Gdański. Wydawnictwo Uniwersytetu Gdańskiego
- Tematy:
-
Access to and Cost of Finance
SME Finance
Transition Countries - Opis:
- The paper uses survey data to analyse the financing conditions of firms in transition countries. The results show that small firms have considerably more problems with access to and cost of finance than larger firms. Small firms also display markedly different financing patterns than large firms, relying to a much greater extent on internal financing sources and less on bank credit or other sources of formal finance than large firms. To examine the determinants of access to and cost of finance the survey data are combined with macro and financial variables in an ordered logit model. The results indicate that a heavy reliance on foreign and state-owned banks has adverse effects on the average firm’s financing condition.
- Źródło:
-
International Journal of Emerging and Transition Economies (IJETE); 2010, 3, 2; 167-193
1308-2701 - Pojawia się w:
- International Journal of Emerging and Transition Economies (IJETE)
- Dostawca treści:
- Biblioteka Nauki
Artykuł