Liquidity Constraints and Investment in Transition Economies : The Case of Bulgaria

Liquidity Constraints and Investment in Transition Economies : The Case of Bulgaria

The authors use firm level data on Bulgaria to investigate the impact of liquidity constraints on firms investment performance. Internal funds are a important determinant of investment in most industrial economies. The authors use a simple accelera...

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Bibliographic Details
Main Authors: Budina, Nina, Garretsen, Harry, de Jong, Eelke
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2015
Subjects:
ADVERSE SELECTION
ASSETS
ASYMMETRIC INFORMATION
BAD DEBT
BAD DEBTS
BALANCE SHEET
BANK CAPITAL
BANK LOANS
BANK PORTFOLIOS
BANKING SECTOR
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY PROCEDURES
BANKS
BORROWING
CAPITAL MARKETS
CASH FLOWS
CENTRALLY PLANNED ECONOMIES
CENTRALLY PLANNED ECONOMY
COMMERCIAL BANKS
COST OF CAPITAL
CREDIT RATIONING
DEBT
DEPRECIATION
DIVIDEND POLICY
ECONOMIC GROWTH
EMPIRICAL ANALYSIS
EMPIRICAL STUDIES
EXCHANGE RATE
EXOGENOUS VARIABLES
EXPECTED RETURN
EXPENDITURES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL RESOURCES
FINANCIAL SECTOR
FINANCIAL STRUCTURE
GDP
INDUSTRIAL ECONOMIES
INFLATION
INHERITANCE
LIQUIDATION
LIQUIDITY
MACROECONOMICS
MARKET ECONOMIES
MARKET INCENTIVES
MARKET VALUE
MORAL HAZARD
NET LOSS
NET WORTH
PERFECT INFORMATION
PERVERSE INCENTIVES
PORTFOLIOS
PRIVATE BANKS
PROFITABILITY
SHORT TERM DEBT
SOFT BUDGET CONSTRAINTS
STATE ENTERPRISES
TANGIBLE ASSETS
TIME SERIES
TRANSITION ECONOMIES
LIQUIDITY CONTROLS
Online Access:http://documents.worldbank.org/curated/en/2000/01/438413/liquidity-constraints-investment-transition-economies-case-bulgaria
http://hdl.handle.net/10986/22280

Internet

http://documents.worldbank.org/curated/en/2000/01/438413/liquidity-constraints-investment-transition-economies-case-bulgaria
http://hdl.handle.net/10986/22280

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