The determinants of access to finance: evidence for transition economies

• Název v anglickém jazyce: The determinants of access to finance: ; evidence for transition economies
• Klíčová slova anglicky: Access to finance, Determinants, Transition economies, Generalized Ordered Logit
• Akademický rok vypsání: 2011/2012
• Typ práce: diplomová práce
• Jazyk práce: angličtina
• Ústav: Institut ekonomických studií (23-IES)
• Vedoucí / školitel: prof. Roman Horváth, Ph.D.
• Řešitel: skrytý - zadáno vedoucím/školitelem
• Datum přihlášení: 23.07.2012
• Datum zadání: 23.07.2012
• Datum a čas obhajoby: 11.09.2013 00:00
• Datum odevzdání elektronické podoby: 26.07.2013
• Datum proběhlé obhajoby: 11.09.2013
• Oponenti: doc. Ing. Vladimír Benáček, CSc.

Předběžná náplň práce v anglickém jazyce

Access to finance is very important both for microeconomic and for macroeconomic level. Wider access to finance can foster economic productivity, increase the output per capita and have a positive impact on the distribution of employment. Thus, the study of determinants of access to finance is very important for policy making in the banking field and securities market sectors. Also, the review of previous studies of access to finance leads to the conclusions that the factors that influence the access are highly dependent on the sample and methodology of the analysis, so that a more focused sample selection must be applied.

Thus, the purpose of the thesis is to analyze main determinant of access to finance in transition economies. The study will include the assessment of impact of several firm-level variables, as well as country-level indicators.

The study will be based on the analysis of data for 28 countries, categorized as transition economies by World banks, based on the firm individual perception of obstacles in obtaining access to finance. The data will be estimated as pseudo-panel data, containing information for year 2002, 2005 and 2009.