Arbeitspapier
Property Rights, Finance, and Entrepreneurship
Is investment constrained more by insecure property rights or by limited external finance? For five transition economies in Eastern Europe and the former Soviet Union we find that weak property rights limit the reinvestment of profits in startup ma nufacturing firms. Access to credit does not appear to explain differences in investment. At least in the early stages of post-communist reform, retained earnings appear to have been enough to finance the investments that managers wanted to make.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 212
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Johnson, Simon
McMillan, John
Woodruff, Christopher
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
1999
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Johnson, Simon
- McMillan, John
- Woodruff, Christopher
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 1999
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