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Investment, credit rationing, and the soft budget constraint: what would a well-functioning credit market look like?
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SYSNO ASEP 0102645 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Ostatní články Title Investment, credit rationing, and the soft budget constraint: what would a well-functioning credit market look like? Title Investice, přidělování úvěrů a měkké rozpočtové omezení: jak by vypadal dobře fungující úvěrový trh? Author(s) Hanousek, Jan (NHU-N) RID
Filer, R. K. (US)Source Title Economics Letters. - : Elsevier - ISSN 0165-1765
Roč. 82, č. 3 (2004), s. 385-390Number of pages 6 s. Language eng - English Country CH - Switzerland Keywords credit rationing ; soft budget constraint ; investment Subject RIV AH - Economics R&D Projects ME 595 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ AV0Z7085904 - NHU-N DOI 10.1016/j.econlet.2003.09.017 Annotation IV estimates of the link between profits and investment in the Czech Republic find a complex relationship. While firms may occasionally be credit rationed or face soft budget constraints, investments generally flow to industries with greatest profit potential or recapitalization need. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2005
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