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Soft Budget Constraint Theories: From Centralization to the Market

Citations

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Cited by:

  1. Jérémy Moulard & Markus Lang & Nadine Dermit-Richard, 2022. "Soft Budget Constraints in French Football through Public Financing of Stadiums," Sustainability, MDPI, vol. 15(1), pages 1-19, December.
  2. Jan Hagemejer & Peter Szewczyk & Joanna Tyrowicz, 2018. "Misallocations go a long way: evidence from firm-level data," GRAPE Working Papers 31, GRAPE Group for Research in Applied Economics.
  3. Xu, Cheng-Gang & Tong, Jian, 2004. "Financial Institutions and the Wealth of Nations: Tales of Development," CEPR Discussion Papers 4348, C.E.P.R. Discussion Papers.
  4. Lambert-Mogiliansky, Ariane & Sonin, Konstantin & Zhuravskaya, Ekaterina, 2007. "Are Russian commercial courts biased? Evidence from a bankruptcy law transplant," Journal of Comparative Economics, Elsevier, vol. 35(2), pages 254-277, June.
  5. Joseph P. H. Fan & Li Jin & Guojian Zheng, 2016. "Revisiting the Bright and Dark Sides of Capital Flows in Business Groups," Journal of Business Ethics, Springer, vol. 134(4), pages 509-528, April.
  6. Kornai, János & Maskin, Eric & Roland, Gérard, 2022. "A puha költségvetési korlát - I [The soft budget constraint I]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 75-93.
  7. Carlo Cambini & Yossi Spiegel, 2016. "Investment and Capital Structure of Partially Private Regulated Firms," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 25(2), pages 487-515, April.
  8. Roller, Lars-Hendrik & Zhang, Zhentang, 2005. "Bundling of social and private goods and the soft budget constraint problem," Journal of Comparative Economics, Elsevier, vol. 33(1), pages 47-58, March.
  9. Brucker, Herbert & Schroder, Philipp J.H. & Weise, Christian, 2005. "Can EU conditionality remedy soft budget constraints in transition countries?," Journal of Comparative Economics, Elsevier, vol. 33(2), pages 371-386, June.
  10. Gunther Schnabl, 2019. "China's Overinvestment and International Trade Conflicts," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 27(5), pages 37-62, September.
  11. Alexeev, Michael & Kim, Sunghwan, 2004. "Lenders' reputation and the soft budget constraint," Economics Letters, Elsevier, vol. 84(1), pages 69-73, July.
  12. Chenggang Xu, 2011. "The Fundamental Institutions of China's Reforms and Development," Journal of Economic Literature, American Economic Association, vol. 49(4), pages 1076-1151, December.
  13. Karel Janda, 2004. "Bankruptcy Procedures with Ex Post Moral Hazard," Working Papers IES 61, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2004.
  14. Maria Ponomareva & Ekaterina Zhuravskaya, 2004. "Federal tax arrears in Russia Liquidity problems, federal redistribution or regional resistance?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(3), pages 373-398, September.
  15. Yunfei Qi & Chengzhi Niu & Hong He, 2023. "Political Connection and Environmental Protection Investment: A Study Based on Ownership Difference," Sustainability, MDPI, vol. 15(22), pages 1-25, November.
  16. Robinson, James A. & Torvik, Ragnar, 2009. "A political economy theory of the soft budget constraint," European Economic Review, Elsevier, vol. 53(7), pages 786-798, October.
  17. Dong, Yi & Hou, Qiannan & Ni, Chenkai, 2021. "Implicit government guarantees and credit ratings," Journal of Corporate Finance, Elsevier, vol. 69(C).
  18. Ariane Lambert-Mogiliansky & Konstantin Sonin & Ekaterina Zhuravskaya, 2006. "Are Russian commercial courts biased?Evidence from a natural bankruptcy experiment," Working Papers halshs-00590402, HAL.
  19. Lars-Hendrik Roeller & Zhentang Zhang, 2003. "Provision of Social Goods and Soft Budget Constraints," Discussion Papers of DIW Berlin 360, DIW Berlin, German Institute for Economic Research.
  20. Henry Ergas & Flavio Menezes, 2004. "The Economics of Buying Complex Weapons," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 11(3), pages 247-264.
  21. Zheng, Shilin & Ward, Michael R., 2011. "The effects of market liberalization and privatization on Chinese telecommunications," China Economic Review, Elsevier, vol. 22(2), pages 210-220, June.
  22. David A. Hennessy & Donald Lien, 2006. "Ledger provision in hog marketing contracts," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 66(1), pages 77-89, May.
  23. Elisabetta Bertero & Laura Rondi, 2002. "Hardening a Soft Budget Constraint Through 'Upward Devolution' to a Supranational Institution: The Case of Italian State-Owned Firms and the European Union," WIDER Working Paper Series DP2002-16, World Institute for Development Economic Research (UNU-WIDER).
  24. Glowicka, Ela, 2006. "Effectiveness of bailouts in the EU," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 176, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  25. Herbert Brücker & Philipp Schröder, 2007. "EU accession and the hardening of soft budget constraints: some macro evidence," Economic Change and Restructuring, Springer, vol. 40(3), pages 235-252, September.
  26. Ábel, István & Mérő, Katalin, 2024. "A bankszabályozás lehetőségei és korlátai az endogén pénzelmélet keretében. A bankok puha költségvetési korlátja [Possibilities and limits of banking regulation in the endogenous money theory frame," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 604-623.
  27. Duoduo Xu & Xiaogang Wu, 2017. "From Political Power to Personal Wealth: Privatization, Elite Opportunity, and Social Stratification in Post-Reform China," HKUST IEMS Working Paper Series 2017-45, HKUST Institute for Emerging Market Studies, revised Aug 2017.
  28. Alexei Deviatov & Barry W. Ickes, 2005. "Reputation and the Soft-Budget Constraint," Working Papers w0078, Center for Economic and Financial Research (CEFIR).
  29. Kolecek, Ludek, 2008. "Bankruptcy laws and debt renegotiation," Journal of Financial Stability, Elsevier, vol. 4(1), pages 40-61, April.
  30. Sanghee Park, 2018. "Understanding Public Sector Debt: Financial Vicious Circle under the Soft Budget Constraint," Public Organization Review, Springer, vol. 18(1), pages 71-92, March.
  31. Xu, Cheng-Gang, 2010. "The Institutional Foundations of China?s Reforms and Development," CEPR Discussion Papers 7654, C.E.P.R. Discussion Papers.
  32. Karel Janda, 2009. "Bankruptcies With Soft Budget Constraint," Manchester School, University of Manchester, vol. 77(4), pages 430-460, July.
  33. Nan-Kuang Chen & Hsiao-Lei Chu, 2003. "Collateral Value and Forbearance Lending," CEP Discussion Papers dp0603, Centre for Economic Performance, LSE.
  34. Hakimi, Abdelaziz & Hamdi, Helmi, 2013. "The duration of bank relationships and the performance of Tunisian firms," MPRA Paper 55754, University Library of Munich, Germany, revised 2014.
  35. Ale? Rod & Klára ?ermáková, 2015. "Specifics of Operational funding of enterprises under centrally planned economy ? theory and praxis in Czechoslovakia before 1989," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 4(3), pages 39-51, September.
  36. Toyofuku, Kenta, 2013. "Stability or restructuring? Macroeconomic dynamics under soft budget constraint problems," Economic Systems, Elsevier, vol. 37(4), pages 625-649.
  37. Tong, Jian & Xu, Chenggang, 2003. "Financial institutions and the wealth of nations: tales of development," Discussion Paper Series In Economics And Econometrics 404, Economics Division, School of Social Sciences, University of Southampton.
  38. Antelo, Manel & Bru, Lluís, 2022. "Optimal capacity allocation in a vertical industry," MPRA Paper 113984, University Library of Munich, Germany.
  39. Alexeev, Michael & Jang, Yong Joon, 2010. "Trade liberalization, heterogeneous firms and the soft budget constraint," Journal of Comparative Economics, Elsevier, vol. 38(4), pages 449-460, December.
  40. Wang, Chenhao & Shi, Yushui & Liu, Yu-Jane, 2023. "Financial advisor's covert discrimination against long-term clients," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
  41. Ouyang, Min & Zhang, Shengxing, 2020. "Corruption as Collateral," MPRA Paper 98635, University Library of Munich, Germany.
  42. Du, Julan & Li, David D., 2007. "The soft budget constraint of banks," Journal of Comparative Economics, Elsevier, vol. 35(1), pages 108-135, March.
  43. Dilawar Ahmad Bhat & Udayan Chanda & Anil K. Bhat, 2024. "Bad loan build-up in India: A reflection of soft budget constraints," Modern Finance, Modern Finance Institute, vol. 2(2), pages 161-171.
  44. Yanhua ZHANG, 2005. "Collusion and Commitment in Bank Bailout," Industrial Organization 0509011, University Library of Munich, Germany.
  45. Xiaolu Hu & Haoyi Luo & Zijin Xu & Jiang Li, 2021. "Intra‐industry spill‐over effect of default: Evidence from the Chinese bond market," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(3), pages 4703-4740, September.
  46. Shuang Jin & Wei Wang & Zilong Zhang, 2023. "The Real Effects of Implicit Government Guarantee: Evidence from Chinese State-Owned Enterprise Defaults," Management Science, INFORMS, vol. 69(6), pages 3650-3674, June.
  47. Alexeev, Michael & Kim, Sunghwan, 2008. "The Korean financial crisis and the soft budget constraint," Journal of Economic Behavior & Organization, Elsevier, vol. 68(1), pages 178-193, October.
  48. Rosella Levaggi & Francesco Menoncin, 2013. "Soft budget constraints in health care: evidence from Italy," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 14(5), pages 725-737, October.
  49. Tong, Jian & Xu, Chenggang, 2003. "Financial institutions and the wealth of nations: tales of development," Discussion Paper Series In Economics And Econometrics 0404, Economics Division, School of Social Sciences, University of Southampton.
  50. Min Ouyang & Shengxing Zhang, 2019. "Corruption as Collateral," 2019 Meeting Papers 944, Society for Economic Dynamics.
  51. Desai, Raj M. & Olofsgard, Anders, 2006. "The political advantage of soft budget constraints," European Journal of Political Economy, Elsevier, vol. 22(2), pages 370-387, June.
  52. Akhmedov Akhmed & Orlov Evgeniy, 2004. "Can Government Paternalism Prevent Credit Market Failure?," EERC Working Paper Series 04-02e, EERC Research Network, Russia and CIS.
  53. Per Pettersson-Lidbom, 2010. "Dynamic Commitment and the Soft Budget Constraint: An Empirical Test," American Economic Journal: Economic Policy, American Economic Association, vol. 2(3), pages 154-179, August.
  54. J. Kornai & E. Maskin & G. Roland, 2004. "Understanding the Soft Budget Constraint," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 11.
  55. Fan, Joseph P.H. & Huang, Jun & Zhu, Ning, 2013. "Institutions, ownership structures, and distress resolution in China," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 71-87.
  56. Zhuravskaya, Ekaterina & Ponomareva, Maria, 2004. "Federal Tax Arrears in Russia: Liquidity Problems, Federal Redistribution or Russian Resistance?," CEPR Discussion Papers 4267, C.E.P.R. Discussion Papers.
  57. Frederic Chabellard, 2001. "Dollarization of Liabilities in Non-tradable Goods Sector," William Davidson Institute Working Papers Series 380, William Davidson Institute at the University of Michigan.
  58. Elisabetta Bertero & Laura Rondi, 2002. "Does a Switch of Budget Regimes Constrain Managerial Discretion?: Evidence for Italian Public Enterprises' Investment," WIDER Working Paper Series DP2002-29, World Institute for Development Economic Research (UNU-WIDER).
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