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Challenges to Enterprise Performance in the Face of the Financial Crisis : Eastern Europe and Central Asia

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  • World Bank
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    Abstract

    This report takes stock of enterprise sector performance in the Europe and Central Asia (ECA) region and its key drivers: access to finance, infrastructure, and labor. It is the second of two complementary reports that examine selected trends emerging from the Business Environment and Enterprise Performance Survey (BEEPS) data that are of immediate policy relevance to ECA countries. Both reports draw primarily on information from data collected prior to the crisis. This report also uses data on employment and access to finance collected during the crisis in a subset of ECA countries. The global financial crisis has had enormous consequences for firms' access to finance, the availability of qualified workers, and the ability of governments to provide (and of private sector to obtain) reliable infrastructure services. The extent and impact of these constraints is yet to be determined but their presence at a time of economic growth suggests they may re-emerge during the post-crisis economic recovery. The BEEPS captures information on a number of aspects of the business environment. This report highlights the elements of firm finance, labor regulations and skills, and infrastructure that are covered by the BEEPS questionnaire. Where possible, the data are supplemented with data from other sources. The report covers a lot of ground, and several broad findings from the analyses stand out.

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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 2316 and published in 2011.

    ISBN: 978-0-8213-8800-6
    Handle: RePEc:wbk:wbpubs:2316

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    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Web page: https://openknowledge.worldbank.org
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    Related research

    Keywords: Finance and Financial Sector Development - Banks & Banking Reform Finance and Financial Sector Development - Debt Markets Private Sector Development - Emerging Markets Finance and Financial Sector Development - Access to Finance Finance and Financial Sector Development - Bankruptcy and Resolution of Financial Distress;

    References

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    Cited by:
    1. Clarke, George R.G. & Cull, Robert & Kisunko, Gregory, 2012. "External finance and firm survival in the aftermath of the crisis : evidence from Eastern Europe and Central Asia," Policy Research Working Paper Series 6050, The World Bank.

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