Do Firms in Transition Have Soft Budget Constraints? A Reconsideration of Concepts and Evidence

The Socialist System: The Political Economy of Communism.

1993 • 1,440 citations

The Soft Budget Constraint

1986 • 1,295 citations

A Theory of Privatisation

1996 • 1,183 citations

Economics of Shortage.

1982 • 1,130 citations

Credit and Efficiency in Centralized and Decentralized Economies

1995 • 1,101 citations

Economic Calculation in the Socialist Commonwealth1

2024 • 415 citations

The Socialist System: The Political Economy of Communism

1993 • 349 citations

Enterprise restructuring and economic policy in Russia

1996 • 179 citations

A theory of shortage in socialist economies based on the `soft budget constraint'

1994 • 124 citations

Budget constraints, bailouts, and the firm under central planning

1988 • 117 citations

The credible-commitment problem in the center-enterprise relationship

1989 • 114 citations

Soft budget constraints and credit crunches in financial transition

1997 • 113 citations

The Evolution of Financial Discipline under the Postsocialist System

1993 • 111 citations

Paternalism, buyers' and sellers' market

1983 • 99 citations

Kornai's soft budget constraint and the shortage phenomenon: A criticism and restatement

1985 • 96 citations

Inertial credit and opportunistic arrears in transition

1998 • 76 citations

'Arrears' in the Russian enterprise sector

1996 • 68 citations

The Interenterprise Arrears Crisis in Russia

1992 • 65 citations

Banks, firms, bad debts and bankruptcy in Hungary 1991-94

1995 • 47 citations

Tax and benefit reform in Central and Eastern Europe

1995 • 46 citations

Output targets, the soft budget constraint and the firm under central planning

1990 • 41 citations

WORKERS AS INSURANCE: ANTICIPATED GOVERNMENT ASSISTANCE AND FACTOR DEMAND

1987 • 38 citations

Government Subsidies to Enterprises in Central and Eastern Europe: Budgetary Subsidies and Tax Arrears

1995 • 33 citations

Hungary's Bankruptcy Experience, 1992-93

1996 • 30 citations

Agency in Project Screening and Termination Decisions:
 Why is Good Money Thrown after Bad?

1997 • 14 citations

Inertial Credit and Opportunistic Arrears in Transition

1998 • 6 citations