Enterprise adjustment and the role of bank credit in Russia: evidence from a 420 firms qualitative survey

Sophie Brana, Mathilde Maurel and Jérôme Sgard ()
Additional contact information
Jérôme Sgard: CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique

Post-Print from HAL

Abstract: This paper is based on a 1996 industrial survey of 420 Russian firms' actual position, as opposed to their expectations and declared intentions. Factor analysis and ordered Probit techniques are used to test relationships between the various responses. The main conclusions are: 1) profit depends upon real productive performances, and, to a lesser extent, on financial discipline; 2) the demand for credit comes mainly from the worst-off firms or those already indebted; 3) the actual distribution of bank credit is allocated mostly to distressed firms, with poor performance and weak financial position.

Keywords: transition; micro-economic adjustment; banking credit; (ordered) Probit; Multiple-Choice Analysis (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Published in Comparative Economic Studies, 1999, 44 (4), pp.47-69. ⟨10.1057/ces.1999.18⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Enterprise Adjustment and the Role of Bank Credit in Russia: Evidence from a 420 Firms Qualitative Survey (1999)
Working Paper: Enterprise Adjustment and the Role of Bank Credit in Russia: Evidence from a 420 Firm's Qualitative Survey (1999)
Working Paper: Enterprise Adjustment and the Role of Bank Credit in Russia: Evidence from a 420 Firm’s Qualitative Survey (1999)
Working Paper: Enterprise Adjustment and the Role of Bank Credit in Russia: Evidence from a 420 Firm’s Qualitative Survey (1999)
Working Paper: Enterprise Adjustment and the Role of Bank Credit in Russia: Evidence from a 420 Firm’s Qualitative Survey (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00468746

DOI: 10.1057/ces.1999.18

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().