Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/75003 
Autor:innen: 
Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
LICOS Discussion Paper No. 116
Verlag: 
Katholieke Universiteit Leuven, LICOS Centre for Transition Economics, Leuven
Zusammenfassung: 
A conceptual framework for analyzing the credit rationing and the link between credit access and profitability is developed. The empirical analysis using data from manufacturing firms in Bulgaria, provides direct estimates of credit rationing and its impact on profitability in transition economies. The results from the switching regression suggest that the presence of credit market constraints does impinge on profitability of credit rationed firms and support the credit crunch hypothesis for periods following the financial market collapse as a result of previous soft budget constraints.
Schlagwörter: 
credit rationing
profitability
economies in transition
Bulgaria
JEL: 
G3
L2
P2
Dokumentart: 
Working Paper

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