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Comparing the Impact of Credit Constraints on the Growth of SMEs in a Transition Country with an Established Market Economy Author info | Abstract | Publisher info | Download info | Related research | Statistics John Hutchinson
Ana Xavier ()
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In this paper we compare the role of internal finance on the growth of firms between a leading transition country, Slovenia and an established market economy, Belgium. We find that firms in Slovenia are more sensitive to internal financing constraints than their Belgian counterparts. This would suggest that although Slovenian firms are no longer recipients of soft budget constraints, capital markets are not yet functioning properly.
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Paper provided by LICOS - Centre for Institutions and Economic Performance, K.U.Leuven in its series LICOS Discussion Papers with number
15004.
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Length: 25 pages
Date of creation: 2004Date of revision:
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Keywords: financial constraints transition economics manufacturing Other versions of this item:
Find related papers by JEL classification: G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure P2 - Economic Systems - - Socialist Systems and Transition Economies L6 - Industrial Organization - - Industry Studies: Manufacturing
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references Cited by : (explanations , 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.)
Saso Polanec, 2004.
"On the Evolution of Size and Productivity in Transition: Evidence from Slovenian Manufacturing Firms ,"
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15404, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven.
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