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Do Firms in Transition Economies Have Soft Budget Constraints? A Reconsideration of Concepts and Evidence

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  • Schaffer, Mark E.

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  • Schaffer, Mark E., 1998. "Do Firms in Transition Economies Have Soft Budget Constraints? A Reconsideration of Concepts and Evidence," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 80-103, March.
  • Handle: RePEc:eee:jcecon:v:26:y:1998:i:1:p:80-103
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    1. 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.
    2. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W, 1996. "A Theory of Privatisation," Economic Journal, Royal Economic Society, vol. 106(435), pages 309-319, March.
    3. Belka, M. & Estrin, Saul & Schaffer, M. E. & Singh, I. J., 1995. "Enterprise adjustment in Poland: evidence from a survey of 200 private, privatised, and state-owned firms," LSE Research Online Documents on Economics 20765, London School of Economics and Political Science, LSE Library.
    4. Goldfeld, Stephen M. & Quandt, Richard E., 1988. "Budget constraints, bailouts, and the firm under central planning," Journal of Comparative Economics, Elsevier, vol. 12(4), pages 502-520, December.
    5. Gray, Cheryl W & Schlorke, Sabine & Szanyi, Miklos, 1996. "Hungary's Bankruptcy Experience, 1992-93," World Bank Economic Review, World Bank Group, vol. 10(3), pages 425-450, September.
    6. M. Dewatripont & E. Maskin, 1995. "Credit and Efficiency in Centralized and Decentralized Economies," Review of Economic Studies, Oxford University Press, vol. 62(4), pages 541-555.
    7. Bonin, J. P. & Schaffer, M. E., 1995. "Banks, firms, bad debts and bankruptcy in Hungary 1991-4," LSE Research Online Documents on Economics 20764, London School of Economics and Political Science, LSE Library.
    8. Hillman, Arye L & Katz, Eliakim & Rosenberg, Jacob, 1987. "Workers as Insurance: Anticipated Government Assistance and Factor Demand," Oxford Economic Papers, Oxford University Press, vol. 39(4), pages 813-820, December.
    9. 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.
    10. Berglof, Erik & Roland, Gerard, 1997. "Soft budget constraints and credit crunches in financial transition," European Economic Review, Elsevier, vol. 41(3-5), pages 807-817, April.
    11. Goldfeld, Stephen M. & Quandt, Richard E., 1990. "Output targets, the soft budget constraint and the firm under central planning," Journal of Economic Behavior & Organization, Elsevier, vol. 14(2), pages 205-222, October.
    12. Qian, Yingyi, 1994. "A Theory of Shortage in Socialist Economies Based on the "Soft Budget Constraint."," American Economic Review, American Economic Association, vol. 84(1), pages 145-156, March.
    13. Kornai, Janos, 1993. "The Evolution of Financial Discipline under the Postsocialist System," Kyklos, Wiley Blackwell, vol. 46(3), pages 315-336.
    14. Schaffer, Mark E., 1989. "The credible-commitment problem in the center-enterprise relationship," Journal of Comparative Economics, Elsevier, vol. 13(3), pages 359-382, September.
    15. Kornai, Janos & Weibull, Jorgen W., 1983. "Paternalism, buyers' and sellers' market," Mathematical Social Sciences, Elsevier, vol. 6(2), pages 153-169, November.
    16. Gomulka, S, 1985. "Kornai's Soft Budget Constraint and the Shortage Phenemenon: A Criticism and Restatement," Economic Change and Restructuring, Springer, vol. 19(1), pages 1-11.
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