- S. M. Guriev , B. Ickes , B. Ickes
New Economic School Working Paper 2000/015. , 09.2000 , p. 1-29, language: английский
Аннотация
- Barter has become an important survival strategy for Russian enterprises. We consider the implications of the fact that enterprises may wish to use barter rather than monetary payments. In the process we examine empirically the relationship between barter and its potential causes, such as financial stringency. We also study the implications of barter for restructuring. Our empirical work employs a data set of Russian enterprises that matches information on barter with the financial status of the enterprise that is independent of the barter transaction. We find that in the pre-crisis period barter was not related to enterprise liquidity. Barter is common across all types of enterprises. We do find a positive relationship between barter and market concentration. We also study the relationship between barter and restructuring.
Ключевые слова
- Russian enterprises, barter, monetary payments, financial stringency, restructuring, data set of Russian enterprises, market concentration
 в формате pdf |
