Investment, Wages and Ownership During the Transition to a Market Economy: Evidence from Slovenian Firms
Author
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Janez Prasnikar & Jan Svejnar, 1998. "Investment Wages and Ownership During the Transition to a Market Economy: Evidence from Slovenian Firms," William Davidson Institute Working Papers Series 144, William Davidson Institute at the University of Michigan.
References listed on IDEAS
- Svejnar, Jan, 1986.
"Bargaining Power, Fear of Disagreement, and Wage Settlements: Theory and Evidence from U.S. Industry,"
Econometrica, Econometric Society, vol. 54(5), pages 1055-1078, September.
- Svejnar, J., 1984. "Bargaining power, fear of disagreement and wage settlements: theory and evidence from U.S. industry," LIDAM Discussion Papers CORE 1984037, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- SVEJNAR, Jan, 1986. "Bargaining power, fear of disagreement, and wage settlements: theory and evidence from U.S. industry," LIDAM Reprints CORE 720, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Lubomir Lizal & Jan Svejnar, 1997.
"Enterprise Investment During the Transition: Evidence from Czech Panel Data,"
William Davidson Institute Working Papers Series
60, William Davidson Institute at the University of Michigan.
- Lizal, Lubomir & Svejnar, Jan, 1998. "Enterprise Investment During the Transition: Evidence from Czech Panel Data," CEPR Discussion Papers 1835, C.E.P.R. Discussion Papers.
- Aghion, Philippe & Blanchard, Olivier & Burgess, Robin, 1994. "The behaviour of state firms in eastern Europe, pre-privatisation," European Economic Review, Elsevier, vol. 38(6), pages 1327-1349, June.
- Stephen Bond & Costas Meghir, 1994.
"Dynamic Investment Models and the Firm's Financial Policy,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 61(2), pages 197-222.
- Stephen Bond & Costas Meghir, 1990. "Dynamic Investment Models and the Firm's Financial Policy," CEPR Financial Markets Paper 0013, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 33 Great Sutton Street, London EC1V 0DX..
- R. Glenn Hubbard, 1998.
"Capital-Market Imperfections and Investment,"
Journal of Economic Literature, American Economic Association, vol. 36(1), pages 193-225, March.
- R. Glenn Hubbard, 1997. "Capital-Market Imperfections and Investment," NBER Working Papers 5996, National Bureau of Economic Research, Inc.
- J Earle & S Estrin & L Leshchenko, 1996. "Ownership Structures," CEP Discussion Papers dp0315, Centre for Economic Performance, LSE.
- Steven M. Fazzari & R. Glenn Hubbard & Bruce C. Petersen, 1988.
"Financing Constraints and Corporate Investment,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 19(1), pages 141-206.
- Steven Fazzari & R. Glenn Hubbard & Bruce C. Petersen, 1987. "Financing Constraints and Corporate Investment," NBER Working Papers 2387, National Bureau of Economic Research, Inc.
- Lubomír Lízal, 1999.
"Depreciation rates in a transition economy: evidence from czech panel data,"
Prague Economic Papers, Prague University of Economics and Business, vol. 1999(3).
- Lubomir Lizal, 2001. "Depreciation Rates in a Transition Economy: Evidence from Czech Panel Data," Microeconomics 0012004, University Library of Munich, Germany.
- Philippe Aghion & Olivier Jean Blanchard & Wendy Carlin, 1997.
"The Economics of Enterprise Restructuring in Central and Eastern Europe,"
International Economic Association Series, in: John E. Roemer (ed.), Property Relations, Incentives and Welfare, chapter 11, pages 271-325,
Palgrave Macmillan.
- Aghion, Philippe & Blanchard, Olivier J & Carlin, Wendy, 1994. "The Economics of Enterprise Restructuring in Central and Eastern Europe," CEPR Discussion Papers 1058, C.E.P.R. Discussion Papers.
- Abel, Andrew B & Blanchard, Olivier J, 1986.
"The Present Value of Profits and Cyclical Movements in Investment,"
Econometrica, Econometric Society, vol. 54(2), pages 249-273, March.
- Andrew B. Abel & Olivier J. Blanchard, 1983. "The Present Value of Profits and Cyclical Movements in Investment," NBER Working Papers 1122, National Bureau of Economic Research, Inc.
- Meyendorff, Anna & Snyder, Edward A., 1997.
"Transactional Structures of Bank Privatizations in Central Europe and Russia,"
Journal of Comparative Economics, Elsevier, vol. 25(1), pages 5-30, August.
- Anna Meyendorff & Edward A. Snyder, 1997. "Transactional Structures of Bank Privatization in Central Europe and Russia," William Davidson Institute Working Papers Series 2, William Davidson Institute at the University of Michigan.
- Janez Prasnikar & Jan Svejnar, 1991. "Workers' Participation in Management vs. Social Ownership and Government Policies: Yugoslav Lessons for Transforming Socialist Economies*," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 33(4), pages 27-45, December.
- Saul Estrin & Robert E. Moore & Jan Svejnar, 1988. "Market Imperfections, Labor Management, and Earnings Differentials in a Developing Country: Theory and Evidence from Yugoslavia," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 103(3), pages 465-478.
- Terrell, Katherine, 1992. "Productivity of western and domestic capital in polish industry," Journal of Comparative Economics, Elsevier, vol. 16(3), pages 494-514, September.
- Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
- Blanchard, O. & Aghion, P., 1996. "On insider privatization," European Economic Review, Elsevier, vol. 40(3-5), pages 759-766, April.
- Thornton, Judith, 1970. "Value-Added and Factor Productivity in Soviet Industry," American Economic Review, American Economic Association, vol. 60(5), pages 863-871, December.
- Jorgenson, Dale W, 1971. "Econometric Studies of Investment Behavior: A Survey," Journal of Economic Literature, American Economic Association, vol. 9(4), pages 1111-1147, December.
- Terrell, Katherine, 1993. "Technical Change and Factor Bias in Polish Industry (1962-1983)," The Review of Economics and Statistics, MIT Press, vol. 75(4), pages 741-747, November.
- Prasnikar, Janez, et al, 1994. "Behavior of Participatory Firms in Yugoslavia: Lessons for Transforming Economies," The Review of Economics and Statistics, MIT Press, vol. 76(4), pages 728-741, November.
- Steven N. Kaplan & Luigi Zingales, 1997. "Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(1), pages 169-215.
- Burda, Michael C, 1992. "Unemployment, Labour Market Institutions and Structural Change in Eastern Europe," CEPR Discussion Papers 746, C.E.P.R. Discussion Papers.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Lubomir Lizal, 1999.
"Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises,"
William Davidson Institute Working Papers Series
235, William Davidson Institute at the University of Michigan.
- Lubomir Lizal, 2001. "Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises," Development and Comp Systems 0012010, University Library of Munich, Germany.
- Lizal, L., 1999. "Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises," CERGE-EI Working Papers wp147, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Polona Domadenik & Lubomír Lízal & Marko Pahor, 2012.
"The Effect of Enterprise Break-Ups on Performance. The Case of the Former Yugoslav Republic of Macedonia,"
Revue économique, Presses de Sciences-Po, vol. 63(5), pages 849-866.
- Polona Domadenik & Lubomir Lizal & Marko Pahor, 2003. "Effect of Enterpise Break-Ups on Performance: Case of Former Yugoslav Republic of Macedonia," CERGE-EI Working Papers wp216, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Curtiss, Jarmila & Ratinger, Tomas & Medonos, Tomas, 2012.
"Ownership and Investment Behaviour in Transition Countries: A Case Study of Collective and Corporate Farms in the Czech Republic,"
Working papers
122841, Factor Markets, Centre for European Policy Studies.
- Curtiss, Jarmila & Ratinger, Tomáš & Medonos, Tomáš, 2012. "Ownership and Investment Behaviour in Transition Countries: A Case Study of Collective and Corporate Farms in the Czech Republic," Factor Markets Working Papers 121, Centre for European Policy Studies.
- Jan Babecky & Kamil Galuscak & Diana Zigraiova, 2017. "Wage Dynamics and Financial Performance: Evidence from Czech Firms," Working Papers 2017/14, Czech National Bank.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lubomír Lízal & Jan Svejnar, 2002.
"Investment, Credit Rationing, And The Soft Budget Constraint: Evidence From Czech Panel Data,"
The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 353-370, May.
- Lubomir Lizal & Jan Svejnar, 2001. "Investment, Credit Rationing and the Soft Budget Constraint: Evidence from Czech Panel Data," William Davidson Institute Working Papers Series 363, William Davidson Institute at the University of Michigan.
- Lubomir Lizal & Jan Svejnar, 2000.
"Financial Conditions and Investment during the Transition: Evidence from Czech Firms,"
CERGE-EI Working Papers
wp153, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Lubom??r L??zal & Jan Svejnar, 2001. "Financial Conditions and Investment during the Transition: Evidence from Czech Firms," William Davidson Institute Working Papers Series 399, William Davidson Institute at the University of Michigan.
- Lubomir Lizal & Jan Svejnar, 2001. "Financial Conditions and Investment during the Transition: Evidence from Czech Firms," Development and Comp Systems 0012008, University Library of Munich, Germany.
- Lizal, L., 1999.
"Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises,"
CERGE-EI Working Papers
wp147, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Lubomir Lizal, 1999. "Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises," William Davidson Institute Working Papers Series 235, William Davidson Institute at the University of Michigan.
- Lubomir Lizal, 2001. "Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises," Development and Comp Systems 0012010, University Library of Munich, Germany.
- Jacques Mairesse & Bronwyn H. Hall & Benoît Mulkay, 1999.
"Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years,"
Annals of Economics and Statistics, GENES, issue 55-56, pages 27-67.
- Bronwyn H. Hall & Jacques Mairesse & Benoit Mulkay, 1998. "Firm-level investment in France an the United States: an exploration of what we have learned in twenty years," IFS Working Papers W98/10, Institute for Fiscal Studies.
- Hall, B. & Mairesse, J. & Mulkay, B., 1998. "Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years," Economics Papers 143, Economics Group, Nuffield College, University of Oxford.
- Bronwyn H. Hall & Jacques Mairesse & Benoit Mulkay & Jacques Mairesse, 1999. "Firm Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years," Econometrics 9902001, University Library of Munich, Germany.
- Bronwyn H. Hall, Jacques Mairesse and Benoit Mulkay., 1998. "Firm Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years," Economics Working Papers 98-261, University of California at Berkeley.
- Hall, Bronwyn H. & Mairesse, Jacques & Mulkay, Benoit, 1998. "Firm Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years," Department of Economics, Working Paper Series qt5tp4r5nm, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Jacques Mairesse & Bronwyn H. Hall & Benoit Mulkay, 1999. "Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years," NBER Working Papers 7437, National Bureau of Economic Research, Inc.
- Lensink, Robert & Sterken, Elmer, 2000.
"Capital Market Imperfections, Uncertainty and Corporate Investment in the Czech Republic,"
Economic Change and Restructuring, Springer, vol. 33(1-2), pages 53-70.
- Lensink, R. & Sterken, Elmer, 1999. "Capital market imperfections, uncertainty and corporate investment in the Czech Republic," Research Report 99E51, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Valentina Peruzzi, 2017.
"Does family ownership structure affect investment-cash flow sensitivity? Evidence from Italian SMEs,"
Applied Economics, Taylor & Francis Journals, vol. 49(43), pages 4378-4393, September.
- Valentina Peruzzi, 2015. "Does family ownership structure affect investment-cash flow sensitivity? Evidence from Italian SMEs," Mo.Fi.R. Working Papers 112, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Valentina Peruzzi, 2017. "Does family ownership structure affect investment-cash flow sensitivity? Evidence from Italian SMEs," CERBE Working Papers wpC16, CERBE Center for Relationship Banking and Economics.
- Marian Rizov, 2004. "Firm investment in transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(4), pages 721-746, December.
- Laeven, Luc, 2000. "Does financial liberalization relax financing constraints on firms ?," Policy Research Working Paper Series 2467, The World Bank.
- Paul Mizen & Cihan Yalcin, 2006.
"Monetary Policy, Corporate Financial Composition and Real Activity,"
CESifo Economic Studies, CESifo Group, vol. 52(1), pages 177-213, March.
- Paul Mizen & Cihan Yalcin, 2006. "Monetary Policy, Corporate Financial Composition and Real Activity," Working Papers 0601, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Fabio Bertoni & María Ferrer & José Martí, 2013.
"The different roles played by venture capital and private equity investors on the investment activity of their portfolio firms,"
Small Business Economics, Springer, vol. 40(3), pages 607-633, April.
- Fabio Bertoni & Maria Alejandra Ferrer & Pellon José Marti, 2013. "The different roles played by venture capital and private equity investors on the investment activity of their portfolio firms," Post-Print hal-02312955, HAL.
- Polona Domadenik & Janez Prasnikar & Jan Svejnar, 2008.
"How to Increase R&D in Transition Economies? Evidence from Slovenia,"
Review of Development Economics, Wiley Blackwell, vol. 12(1), pages 193-208, February.
- Domadenik, Polona & Prašnikar, Janez & Svejnar, Jan, 2007. "How to Increase R&D in Transition Economies? Evidence from Slovenia," IZA Discussion Papers 2801, Institute of Labor Economics (IZA).
- Robert E. Carpenter & Bruce C. Petersen, 2002. "Capital Market Imperfections, High-Tech Investment, and New Equity Financing," Economic Journal, Royal Economic Society, vol. 112(477), pages 54-72, February.
- Simon Gilchrist & Charles Himmelberg, 1999.
"Investment: Fundamentals and Finance,"
NBER Chapters, in: NBER Macroeconomics Annual 1998, volume 13, pages 223-274,
National Bureau of Economic Research, Inc.
- Simon Gilchrist & Charles Himmelberg, 1998. "Investment, Fundamentals and Finance," NBER Working Papers 6652, National Bureau of Economic Research, Inc.
- Ameer, Rashid, 2014. "Financial constraints and corporate investment in Asian countries," Journal of Asian Economics, Elsevier, vol. 33(C), pages 44-55.
- Fabio Bertoni & Massimo G. Colombo & Annalisa Croce, 2010.
"The Effect of Venture Capital Financing on the Sensitivity to Cash Flow of Firm's Investments,"
European Financial Management, European Financial Management Association, vol. 16(4), pages 528-551, September.
- Fabio Bertoni & Massimo G. Colombo & Annalisa Croce, 2010. "The Effect of Venture Capital Financing on the Sensitivity to Cash Flow of Firm's Investments," Post-Print hal-02312959, HAL.
- Beck, Thorsten & Demirguc-Kunt, Asli & Laeven, Luc & Maksimovic, Vojislav, 2006.
"The determinants of financing obstacles,"
Journal of International Money and Finance, Elsevier, vol. 25(6), pages 932-952, October.
- Thorsten Beck, 2004. "The determinants of financing obstacles," Policy Research Working Paper Series 3204, The World Bank.
- Beck, T.H.L. & Demirgüc-Kunt, A. & Laeven, L. & Maksimovic, V., 2006. "The determinants of financing obstacles," Other publications TiSEM 3fd6bd22-71e9-4084-87a3-1, Tilburg University, School of Economics and Management.
- Jevgenijs Steinbuks, 2008.
"Financial constraints and firms' investment: results of a natural experiment measuring firm response to power interruption,"
Working Papers
EPRG 0823, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Steinbuks, J., 2008. "Financial constraints and firms' investment: results of a natural experiment measuring firm response to power interruption," Cambridge Working Papers in Economics 0844, Faculty of Economics, University of Cambridge.
- Antônio Marcos Hoelz Pinto Ambrozio & Filipe Lage de Sousa & João Paulo Martin Faleiros & André Albuquerque Sant'Anna, 2017.
"Credit scarcity in developing countries: An empirical investigation using Brazilian firm-level data,"
Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 17(1), pages 73-87.
- André Albuquerque de Sant’Anna & Antônio Marcos Hoelz Pinto Ambrozio & Filipe Lage de Sousa & João Paulo Martin Faleiros, "undated". "Credit Scarcity in Developing Countries: an Empirical Investigation using Brazilian Firm-Level Data," Development Working Papers 372, Centro Studi Luca d'Agliano, University of Milano.
- André Albuquerque Sant'Anna & Antônio Marcos Hoelz Pinto Ambrozio & Filipe Lage De Sousa & João Paulo Martin Faleiros, 2016. "Credit Scarcity In Developing Countries: An Empirical Investigation Using Brazilian Firm-Level Data," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 038, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
- repec:lic:licosd:11602 is not listed on IDEAS
- Stephen Bond & Dietmar Harhoff & John Van Reenen, 2010.
"Investment, R&D and Financial Constraints in Britain and Germany,"
NBER Chapters, in: Contributions in Memory of Zvi Griliches, pages 433-460,
National Bureau of Economic Research, Inc.
- Stephen Bond & Dietmar Harhoff & John Van Reenen, 2005. "Investment, R&D and Financial Constraints in Britain and Germany," Annals of Economics and Statistics, GENES, issue 79-80, pages 433-460.
- Stephen Bond & Dietmar Harhoff & John Van Reenen, 1999. "Investment, R&D and financial constraints in Britain and Germany," IFS Working Papers W99/05, Institute for Fiscal Studies.
- Bond, Stephen & Harhoff, Dietmar & Van Reenen, John, 2003. "Investment, R&D and financial constraints in Britain and Germany," LSE Research Online Documents on Economics 771, London School of Economics and Political Science, LSE Library.
- Stephen Bond & Dietmar Harhoff & John Van Reenen, 2003. "Investment, R&D and Financial Constraints in Britain and Germany," CEP Discussion Papers dp0595, Centre for Economic Performance, LSE.
- Michele Cincera, 2003.
"Financing constraints, fixed capital and R&D investment decisions of Belgian firms,"
Chapters, in: Paul Butzen & Catherine Fuss (ed.), Firms’ Investment and Finance Decisions, chapter 6, pages 129-152,
Edward Elgar Publishing.
- Michele Cincera, 2002. "Financing constraints, fixed capital and R&D investment decisions of belgian firms," Working Paper Research 32, National Bank of Belgium.
- Michele Cincera, 2003. "Financing constraints, fixed capital and R&D investment decisions of Belgian firms," ULB Institutional Repository 2013/883, ULB -- Universite Libre de Bruxelles.
More about this item
Keywords
investment; Wages; Restructuring; Ownership;All these keywords.
JEL classification:
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
- P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MFD-2004-02-29 (Microfinance)
- NEP-TRA-2004-02-29 (Transition Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:4144. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.cepr.org .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.