Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74961
Authors: 
Hutchinson, John
Xavier, Ana
Year of Publication: 
2004
Series/Report no.: 
LICOS Discussion Paper 150
Abstract: 
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.
Subjects: 
financial constraints
transition economics
manufacturing
JEL: 
G32
P2
L6
Document Type: 
Working Paper

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