Financing Enterprises in the Czech Republic: Debt and Firm-specific Variables |
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Authors: | Debora Revoltella |
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Institution: | (1) Foreign Banks Division, Unicredito Italiano, Italy |
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Abstract: | This paper investigates the effects of firm specific variables on indebtedness, and thus financing decisions in the Czech
Republic during the first years of transition. By estimating a Structural Equation Model with latent variables, the paper
analyses the determinants of credit demand and supply in order to understand to what an extent they testify the transformation
of both enterprises financing strategies and credit allocation policies and thus the emergence of a new financial discipline.
This revised version was published online in July 2006 with corrections to the Cover Date. |
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Keywords: | |
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