Using a unique data set on the Czech Republic for 1994-2003, this article examines the relationship between a firm's liquidity constraints and its supply linkages with multinational corporations (MNCs). The empirical analysis indicates that Czech firms supplying multinationals are less credit constrained than are non-suppliers. Closer inspection of the timing of the effect, however, suggests that the result is due to self-selection of less constrained...
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INFORMATION
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2009/06/01
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Article de revue
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77621
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1
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1
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2013/05/28
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Disclosed
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Liquidity constraints and firms linkages with multinationals
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absence of well functioning credit