ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00817.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00818.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00819.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00820.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00821.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00822.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00823.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

摘要:

AbstractThere are three features which distinguish the global transition in Central and Eastern Europe: both economic and political systems are the focus of radical transformation, this institutional revolution has been largely peaceful, and a pluralistic political system emerged faster than capitalism in the economic sphere. The initial conditions, for example the inherited economic structure, the macroeconomic situation and the type of economic system, have an important impact upon the pace and effects of the subsequent market‐oriented reform. There are four important reasons why the state should concentrate its activity on the sphere of its natural competence. These reasons are even more important in economies of transition. The speed of the subordinate processes of transition differs which gives rise to important issues of phasing. Macroeconomic stabilisation, microeconomic liberalisation and privatisation should be implemented at a speed close to maximum. The Polish economic reform shows that a radical and comprehensive economic program introduced in an initially socialist economy, under extremely difficult macroeconomic conditions, can be successful in spite of powerful external shock

ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00824.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

摘要:

AbstractThis article reviews recent literature on the theory of the firm. The issues addressed include the role and determinants of the size of firms, the financial structure and organisation of labour in firms, and the policy implications of this research.

ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00825.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

摘要:

AbstractThis article looks at the evolution of corporate balance sheets and investment over the past few years.We find that many companies have significantly improved their balance sheets in this time. Leverage has been reduced, and this, coupled with lower nominal interest rates, has improved the interest cover and cash flows of the corporate sector. For many firms, the process of balance sheet repair has proceeded a long way so that the extent to which the financial position of firms will impinge on investment is much lower than it was a few years ago.Looking further ahead, it appears that the rate of return to investing in capital is relatively high, at least when judged against the standards of earlier downturns. With the recovery picking up pace we should, therefore, see firms more inclined to expand their capital expenditure and less focused on financial restructuring.

ISSN:0004-9018    

DOI:10.1111/j.1467-8462.1994.tb00826.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY