Naslov
A micro data approach to the identification of financial constraints in Croatia

Autori
Torma, Jasena ; Šonje, Velimir

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Skup
„New Challenges of Official and Applied Statistics in European Union“

Mjesto i datum
Zagreb, Hrvatska, 05.05.1996. - 06.05.1996

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
poslovne ankete. financijska ograničena, ponuda i potražnja kredita, nelinearni binarni panel modeli
(business surveys, financial constraints, loan supply and demand, nonlinear binary outcome panel data models.)

Sažetak
Taking a random sample of more than 3 500 firms from the business surveys in the period from Q3 2008 until Q2 2015, we have investigated do good companies face financial constraints? Using panel regression approach we have controlled for various company characteristics (e.g. the firms’ assessment of their current business situation and their volume of orders) since it is expected that companies facing business difficulties face stronger financial constraints. We also controlled for a specific sector in which companies operate. Goal was to identify additional or structural financial constraints which are present after control for company characteristics and the sector as well as interest rate variations. Analyses showed that additional financial constraints were present during the years of economic crisis but have completely weakened after 2013. During the time when additional financial constraints were present, we identified that it was largely due to the changes in interest rates.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA