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AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES

Year 2010, Volume: 3 Issue: 2, 0 - , 02.06.2014

Ulrich Volz

Abstract

The paper uses survey data to analyse the financing conditions of firms in transition countries. The results show that small firms have considerably more problems with access to and cost of finance than larger firms. Small firms also display markedly different financing patterns than large firms, relying to a much greater extent on internal financing sources and less on bank credit or other sources of formal finance than large firms. To examine the determinants of access to and cost of finance the survey data are combined with macro and financial variables in an ordered logit model. The results indicate that a heavy reliance on foreign and state-owned banks has adverse effects on the average firm’s financing condition.

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Year 2010, Volume: 3 Issue: 2, 0 - , 02.06.2014

Ulrich Volz

Abstract

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Details

Primary Language English
Journal Section Makaleler
Authors

Ulrich Volz This is me

Publication Date June 2, 2014
Published in Issue Year 2010 Volume: 3 Issue: 2

Cite

APA Volz, U. (2014). AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES. International Journal of Emerging and Transition Economies, 3(2).
AMA Volz U. AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES. International Journal of Emerging and Transition Economies. June 2014;3(2).
Chicago Volz, Ulrich. “AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES”. International Journal of Emerging and Transition Economies 3, no. 2 (June 2014).
EndNote Volz U (June 1, 2014) AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES. International Journal of Emerging and Transition Economies 3 2
IEEE U. Volz, “AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES”, International Journal of Emerging and Transition Economies, vol. 3, no. 2, 2014.
ISNAD Volz, Ulrich. “AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES”. International Journal of Emerging and Transition Economies 3/2 (June 2014).
JAMA Volz U. AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES. International Journal of Emerging and Transition Economies. 2014;3.
MLA Volz, Ulrich. “AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES”. International Journal of Emerging and Transition Economies, vol. 3, no. 2, 2014.
Vancouver Volz U. AN EMPIRICAL EXAMINATION OF FIRMS’ FINANCING CONDITIONS IN TRANSITION COUNTRIES. International Journal of Emerging and Transition Economies. 2014;3(2).