Main Financial Market Imperfections and Corporate Decisions: Lessons from the Transition Process in Hungary Edition: 1
Financial Market Imperfections and Corporate Decisions: Lessons from the Transition Process in Hungary Edition: 1 cover

Financial Market Imperfections and Corporate Decisions: Lessons from the Transition Process in Hungary Edition: 1

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The book presents the results of an empirical investigation of the behaviour of Hungarian firms during the transition process focusing in particular on the role of financial market imperfections for corporate capital structure and investment decisions. The results suggest that financial market reforms have succeeded, albeit partially, in hardening firms's budget constraints and improving the efficiency of the credit allocation process. In particular, following the introduction of the banking sector reform and of the new bankruptcy law, budget constraints became more binding for small private firms, while informational costs became less relevant for foreign-owned firms.
Request Code : ZLIB.IO17315830
Categories:
Year:
2022
Publisher:
Physica-Verlag HD
Language:
English
ISBN 10:
379081671X
ISBN 13:
9783790816716
ISBN:
3790815810, 9783790815818, 9783790816716, 379081671X
Series:
Contributions to Economics

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