Challenges to Enterprise Performance in the Face of the Financial Crisis : Eastern Europe and Central Asia

This report takes stock of enterprise sector performance in the Europe and Central Asia (ECA) region and its key drivers: access to finance, infrastructure, and labor. It is the second of two complementary reports that examine selected trends emerging from the Business Environment and Enterprise Performance Survey (BEEPS) data that are of immediate policy relevance to ECA countries. Both reports draw primarily on information from data collected prior to the crisis. This report also uses data on employment and access to finance collected during the crisis in a subset of ECA countries. The global financial crisis has had enormous consequences for firms' access to finance, the availability of qualified workers, and the ability of governments to provide (and of private sector to obtain) reliable infrastructure services. The extent and impact of these constraints is yet to be determined but their presence at a time of economic growth suggests they may re-emerge during the post-crisis economic recovery. The BEEPS captures information on a number of aspects of the business environment. This report highlights the elements of firm finance, labor regulations and skills, and infrastructure that are covered by the BEEPS questionnaire. Where possible, the data are supplemented with data from other sources. The report covers a lot of ground, and several broad findings from the analyses stand out.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank 2011-06-10
Subjects:	ACCESS TO CAPITAL, ACCESS TO CREDIT, ACCESS TO EXTERNAL FINANCE, ACCESS TO FINANCE, ACCESS TO FINANCIAL SERVICES, ACCESS TO FINANCING, ACCESSIBILITY, ACCOUNTING, ADMINISTRATIVE REFORMS, AFFILIATES, BALANCE OF PAYMENTS, BANK CLAIMS, BANK LENDING, BANK LOANS, BANKING CRISIS, BANKING MARKETS, BANKING SECTOR, BANKING SECTOR ASSETS, BANKING SECTORS, BANKING SYSTEM, BANKING SYSTEMS, BANKRUPTCY, BORROWER, BORROWING, BRAIN DRAIN, BUSINESS ACTIVITY, BUSINESS ENTERPRISES, BUSINESS ENVIRONMENT, CAPITAL FLOWS, CAPITAL INFLOWS, CENTRAL BANKS, COLLATERAL, COLLATERAL REQUIREMENTS, COPYRIGHT CLEARANCE, COPYRIGHT CLEARANCE CENTER, CORRUPTION, CREDIT CRUNCH, CREDIT EXPANSION, CREDIT GROWTH, CREDIT INSTITUTIONS, CREDIT MARKETS, CREDIT RELATIONSHIPS, CRISIS LENDING, CROSS-BORDER FLOWS, CURRENCY COMPOSITION, CURRENCY MISMATCHES, CURRENCY UNITS, CURRENT ACCOUNT, CURRENT ACCOUNT DEFICIT, CURRENT ACCOUNT DEFICITS, DEBT, DEBT SECURITIES, DEFICITS, DEPENDENT, DEPOSIT, DEPOSITS, DEVALUATIONS, DEVELOPING COUNTRIES, DISPARITIES IN ACCESS, DOMESTIC BANKS, ECONOMIC ACTIVITY, ECONOMIC CONDITIONS, ECONOMIC DEVELOPMENTS, ECONOMIC GROWTH, EDUCATION SYSTEMS, EFFECTIVE GOVERNANCE, EMPLOYMENT, ENTERPRISE GROWTH, ENTERPRISE OPERATION, ENTERPRISE PERFORMANCE, EXCHANGE RATE, EXCHANGE RATE REGIME, EXCHANGE RATES, EXTERNAL BORROWING, EXTERNAL FINANCE, EXTERNAL FINANCING, EXTERNAL FUNDING, EXTERNAL FUNDS, FINANCES, FINANCIAL ACCESS, FINANCIAL CAPITAL, FINANCIAL CONSTRAINTS, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL DEVELOPMENT, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL RESOURCES, FINANCIAL SECTOR, FINANCIAL SECTOR DEVELOPMENTS, FINANCIAL SERVICES, FINANCIAL SYSTEM, FINANCING CONSTRAINTS, FINANCING COSTS, FIRM FINANCING, FIRM PERFORMANCE, FISCAL BALANCES, FISCAL RESOURCES, FIXED EXCHANGE RATE, FIXED EXCHANGE RATES, FLOATING EXCHANGE RATE, FOREIGN BANK, FOREIGN BANK PARTICIPATION, FOREIGN BANKS, FOREIGN CAPITAL, FOREIGN CLAIMS, FOREIGN CURRENCY, FOREIGN DEBT, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN INVESTMENT, FOREIGN INVESTORS, FOREIGN OWNERSHIP, GOOD GOVERNANCE, GOVERNANCE INDICATORS, GOVERNMENT REGULATION, GREATER ACCESS, GROSS DOMESTIC PRODUCT, HOST COUNTRIES, HOST COUNTRY, HOUSING, HUMAN CAPITAL, INCOME, INCOME LEVELS, INFLATION, INFORMATION TECHNOLOGY, INFORMATIONAL ASYMMETRIES, INSOLVENCY, INSOLVENT, INSTITUTIONAL DEVELOPMENT, INSTRUMENT, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL BANKS, INTERNATIONAL FINANCIAL MARKETS, INTERNATIONAL MARKETS, INTERNATIONAL SETTLEMENTS, INVESTMENT CLIMATE, JOB CREATION, JOB OPPORTUNITIES, JUDGEMENT, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LARGE FIRMS, LEGAL CODE, LEGAL ORIGIN, LEGISLATION, LENDER, LENDERS, LENDING POLICIES, LEVERAGE, LIMITED ACCESS, LOAN, LOAN APPLICATIONS, LOAN DEMAND, LOCAL CURRENCY, LOCAL GOVERNMENT, MARKET CONDITIONS, MARKET DEVELOPMENTS, MARKET REFORM, MATURITIES, MIGRANT WORKERS, MIGRATION, MONETARY FUND, MORTGAGE, MORTGAGE MARKET, MULTINATIONAL, MULTINATIONAL BANK, MULTINATIONAL BANKS, OBSTACLES TO FINANCE, OUTREACH, OVERDRAFT, OVERDRAFT FACILITIES, OVERDRAFTS, PHYSICAL CAPITAL, POST-CRISIS PERIOD, POWER OUTAGE, POWER OUTAGES, PRIVATE BANKS, PRIVATE CAPITAL, PRIVATE INVESTMENT, PRODUCTIVITY, PROFIT OPPORTUNITIES, PROFITABILITY, PROPERTY RIGHTS, PROTECTION OF PROPERTY, PRUDENTIAL REQUIREMENTS, REAL SECTOR, RECESSION, RECOVERY PERIOD, REGULATORY FRAMEWORKS, REGULATORY REFORMS, SALES GROWTH, SALES REVENUE, SHORT-TERM LENDING, START-UPS, STATISTICAL ANALYSIS, SUBSIDIARIES, SUBSIDIARY, SUPPLY OF FINANCING, SYSTEMIC BANKING CRISIS, SYSTEMIC CRISES, SYSTEMIC CRISIS, TAX, TAX ADMINISTRATION, TAX RATES, TELECOMMUNICATIONS, TRADING, TRANSPORT, UNEMPLOYMENT, UNION, WAGE GROWTH, WAGES, WHOLESALE FUNDING, WORKING CAPITAL,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110620031432 https://hdl.handle.net/10986/2316
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