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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Est. Packaging Dimensions: Length: 9.1" Width: 5.7" Height: 0.4" Weight: 0.6 lbs.
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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