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Financial Market Imperfections and Corporate Decisions: Lessons from the Transition Process in Hungary (Contributions to Economics) [Paperback]

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Item description for Financial Market Imperfections and Corporate Decisions: Lessons from the Transition Process in Hungary (Contributions to Economics) by Emilio Colombo...

The book presents the results of an empirical investigation of the behaviour of Hungarian firms during the transition process focusing in particular on the role of financial market imperfections for corporate capital structure and investment decisions. The results suggest that financial market reforms have succeeded, albeit partially, in hardening firms's budget constraints and improving the efficiency of the credit allocation process. In particular, following the introduction of the banking sector reform and of the new bankruptcy law, budget constraints became more binding for small private firms, while informational costs became less relevant for foreign-owned firms.



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Item Specifications...


Pages   174
Est. Packaging Dimensions:   Length: 9.1" Width: 5.7" Height: 0.4"
Weight:   0.6 lbs.
Binding  Softcover
Release Date   Oct 26, 2005
Publisher   Physica-Verlag Heidelberg
ISBN  3790815810  
ISBN13  9783790815818  


Availability  148 units.
Availability accurate as of Jan 24, 2017 12:36.
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1Books > Special Features > New & Used Textbooks > Business & Finance > Economics > Macroeconomics
2Books > Special Features > New & Used Textbooks > Business & Finance > Finance
3Books > Subjects > Business & Investing > Economics > General
4Books > Subjects > Business & Investing > Economics > Macroeconomics
5Books > Subjects > Business & Investing > General
6Books > Subjects > Professional & Technical > Accounting & Finance > Finance > General



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