Advanced Search
MyIDEAS: Login to save this paper or follow this series

Debt Workout and Enterprise Performance in Bulgaria:

Contents:

Author Info

  • R. Dobrinsky
  • N. Dochev
  • B. Nikolov
Registered author(s):

    Abstract

    This paper examines one specific aspect of the Bulgarian debt workout, namely its impact on the behaviour and performance of the enterprises which were covered in the program. In pursuing this goal we have followed two main lines of research. First, an attempt is made to evaluate the overall effect of the program on enterprise performance on the basis of a comprehensive data base containing individual enterprise balance sheet data for the public sector of the Bulgarian economy. By comparing the financial results of the enterprises covered in the program to the results of other enterprises (not included in the program) we seek to reveal whether granting financial relief to a selected category of state-owned enterprises (SOEs) resulted in positive changes in their performance. Second, a special survey was designed and carried out among the enterprises covered in the debt workout program. The survey made it possible to obtain a more in-depth insight of the impact of the debt workout on the behaviour and performance of individual enterprises as well as of the perception of enterprise managers on its efficiency.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.sml.hw.ac.uk/downloads/cert/wpa/1997/dp9715.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Centre for Economic Reform and Transformation, Heriot Watt University in its series CERT Discussion Papers with number 9715.

    as in new window
    Length:
    Date of creation: 1997
    Date of revision:
    Handle: RePEc:hwe:certdp:9715

    Contact details of provider:
    Postal: Edinburgh EH14 4AS
    Phone: +44(0)131 451 3497
    Fax: +44(0)131 451 3497
    Web page: http://www.sml.hw.ac.uk/research/cert.htm
    More information through EDIRC

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. David Begg & Richard Portes, 1993. "Enterprise debt and economic transformation (Financial restructuring of the state sector in Central and Eastern Europe)," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 1(1), pages 116-117, 01.
    2. Schaffer, Mark E, 1995. "Government Subsidies to Enterprises in Central and Eastern Europe: Budgetary Subsidies and Tax Arrears," CEPR Discussion Papers 1144, C.E.P.R. Discussion Papers.
    3. Sz├ękely, Istvan, 1993. "Economic Transformation and the Reform of the Financial System in Central and Eastern Europe," CEPR Discussion Papers 816, C.E.P.R. Discussion Papers.
    4. Dittus Peter, 1994. "Bank Reform and Behavior in Central Europe," Journal of Comparative Economics, Elsevier, vol. 19(3), pages 335-361, December.
    5. M Belka & S Estrin & M Schaffer & I.J. Singh, 1995. "Enterprise Adjustment in Poland: Evidence from a Survey of 200 Private," CEP Discussion Papers dp0233, Centre for Economic Performance, LSE.
    6. Dewatripont, M & Maskin, E, 1995. "Credit and Efficiency in Centralized and Decentralized Economies," Review of Economic Studies, Wiley Blackwell, vol. 62(4), pages 541-55, October.
    7. Rumen Dobrinsky, 1996. "Enterprise restructuring and adjustment in the transition to market economy: lessons from the experience of Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(2), pages 389-410, October.
    8. Brian Pinto & Marek Belka & Stefan Krajewski, 1993. "Transforming State Enterprises in Poland: Evidence on Adjustment by Manufacturing Firms," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1), pages 213-270.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:hwe:certdp:9715. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Professor Mark Schaffer) The email address of this maintainer does not seem to be valid anymore. Please ask Professor Mark Schaffer to update the entry or send us the correct address.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.