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dc.contributor.authorMykhayliv, Dariya
dc.contributor.authorZauner, K.G.
dc.date.accessioned2017-02-02T12:14:33Z
dc.date.available2017-02-02T12:14:33Z
dc.date.issued2015
dc.identifier.citationMykhayliv D and Zauner KG (2015) Investment behaviour, corporate control, and private benefits of control: Evidence from a survey of Ukrainian firms. Bulletin of Economic Research. 67(4): 309-323.en_US
dc.identifier.urihttp://hdl.handle.net/10454/11239
dc.descriptionnoen_US
dc.description.abstractWe analyse the impact of ownership and corporate control on firms’ investment using the 2001survey of Yacoub et al. on Ukrainian firms. The model explains investment by output, financial and soft budget constraints, and corporate control (and ownership) categories potentially enjoying private benefits of control. We find that the corporate control model fits better than the ownership model,a negative relationship between state and employee control and firms’ investment, and evidence forthe presence of soft budget constraints. A negative relationship between firms’ investment and the relative size of non-monetary transactions strengthens the conclusion of private benefits of control impacting investment.en_US
dc.language.isoenen_US
dc.relation.isreferencedbyhttp://dx.doi.org/10.1111/boer.12001en_US
dc.subjectCorporate control; Firm performance; Investment; Ukraine; Ownership structure; Private benefits of control; Soft budget constraints; Transitionen_US
dc.titleInvestment behaviour, corporate control, and private benefits of control: Evidence from a survey of Ukrainian firmsen_US
dc.status.refereedyesen_US
dc.typeArticleen_US
dc.type.versionNo full-text in the repositoryen_US


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