Capital Market and Bank Financing of Non-Financial Companies in the CEE Countries: Selected Issues

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F09%3APU85955" target="_blank" >RIV/00216305:26510/09:PU85955 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

čeština

Original language name

Capital Market and Bank Financing of Non-Financial Companies in the CEE Countries: Selected Issues

Original language description

The paper deals with the external financing of non-financial companies in Central and Eastern Europe. The text stems from the classification of the national financial systems into two boundary types - the market-based and the bank-based. The main differentiating feature is the role and significance of various types of financial intermediaries and financing tools. The relative importance of the two systems and their impact on the long-run economic growth is the subject of long-standing debate. As apparent, financial system type affects the availability of external funds, corporate governance regime and even stability of the economic system as a whole. Many economists have argued that bank-based systems constitute more appropriate structure during the early stages of economic development and in weak institutional conditions. It also seems (based on Germany example) that convergence to market-based system is the important requirement in order to attract international investors. The goal o

Czech name

Capital Market and Bank Financing of Non-Financial Companies in the CEE Countries: Selected Issues

Czech description

The paper deals with the external financing of non-financial companies in Central and Eastern Europe. The text stems from the classification of the national financial systems into two boundary types - the market-based and the bank-based. The main differentiating feature is the role and significance of various types of financial intermediaries and financing tools. The relative importance of the two systems and their impact on the long-run economic growth is the subject of long-standing debate. As apparent, financial system type affects the availability of external funds, corporate governance regime and even stability of the economic system as a whole. Many economists have argued that bank-based systems constitute more appropriate structure during the early stages of economic development and in weak institutional conditions. It also seems (based on Germany example) that convergence to market-based system is the important requirement in order to attract international investors. The goal o

Type

D - Article in proceedings

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GP402%2F08%2FP531" target="_blank" >GP402/08/P531: Various Considerations Concerning Sources of Financing from Capital Markets in the Conditions of Czech Multinational Enterprises</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2009

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Finanzierung von KMU in Osteuropa - Konferenz der HTW Dresden am 20.und 21. November 2009.

ISBN

978-3-640-49154-4

ISSN

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e-ISSN

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Number of pages

221

Pages from-to

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Publisher name

Hochschule für Technik und Wirtschaft

Place of publication

Dresden

Event location

Dresden

Event date

Nov 20, 2009

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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