Abstract

http://ssrn.com/abstract=301039
 
 

References (33)



 
 

Citations (5)



 


 



Budget Constraints And Profitability: Evidence From A Transition Economy


Marian Rizov



LICOS Working Paper; EFA 2002 Berlin Meetings Presented Paper

Abstract:     
A conceptual framework for analyzing the credit rationing and the link between credit access and profitability is developed. The empirical analysis using data from manufacturing firms in Bulgaria, provides direct estimates of credit rationing and its impact on profitability in transition economies. The results from the switching regression suggest that the presence of credit market constraints does impinge on profitability of credit rationed firms and support the credit crunch hypothesis for periods following the financial market collapse as a result of previous soft budget constraints.

Number of Pages in PDF File: 22

Keywords: credit rationing, profitability, economies in transition, manufacturing, Bulgaria

JEL Classification: G3, L2, P2


Open PDF in Browser Download This Paper

Date posted: February 20, 2002  

Suggested Citation

Rizov, Marian, Budget Constraints And Profitability: Evidence From A Transition Economy. LICOS Working Paper; EFA 2002 Berlin Meetings Presented Paper. Available at SSRN: http://ssrn.com/abstract=301039 or http://dx.doi.org/10.2139/ssrn.301039

Contact Information

No contact information is available for Marian Rizov
Feedback to SSRN


Paper statistics
Abstract Views: 2,418
Downloads: 181
Download Rank: 124,894
References:  33
Citations:  5

© 2016 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollobot1 in 1.094 seconds