Financial Market Imperfections and Corporate Decisions Lessons from the Transition Process in Hungary /

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 refor...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριοι συγγραφείς: Colombo, Emilio (Συγγραφέας), Stanca, Luca (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Heidelberg : Physica-Verlag HD, 2006.
Σειρά:Contributions to Economics,
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
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100 1 |a Colombo, Emilio.  |e author. 
245 1 0 |a Financial Market Imperfections and Corporate Decisions  |h [electronic resource] :  |b Lessons from the Transition Process in Hungary /  |c by Emilio Colombo, Luca Stanca. 
264 1 |a Heidelberg :  |b Physica-Verlag HD,  |c 2006. 
300 |a X, 174 p. 50 illus.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a Contributions to Economics,  |x 1431-1933 
505 0 |a Financial market imperfections and corporate decisions: theory and evidence -- The transformation of the Hungarian financial system -- Patterns of corporate financial positions -- The determinants of corporate capital structure -- Financial constraints and investment decisions -- Conclusions. 
520 |a 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. 
650 0 |a Finance. 
650 0 |a Economics. 
650 0 |a Management science. 
650 0 |a Macroeconomics. 
650 0 |a Public finance. 
650 1 4 |a Economics. 
650 2 4 |a Economics, general. 
650 2 4 |a Public Economics. 
650 2 4 |a Macroeconomics/Monetary Economics//Financial Economics. 
650 2 4 |a Finance, general. 
700 1 |a Stanca, Luca.  |e author. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783790815818 
830 0 |a Contributions to Economics,  |x 1431-1933 
856 4 0 |u http://dx.doi.org/10.1007/3-7908-1671-X  |z Full Text via HEAL-Link 
912 |a ZDB-2-SBE 
950 |a Business and Economics (Springer-11643)