Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212537 
Year of Publication: 
2004
Series/Report no.: 
BOFIT Discussion Papers No. 6/2004
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
The paper presents evidence of actual and target capital structures of firms in five EU accession countries of Central and Eastern Europe and the former Soviet Union (Bulgaria, the Czech Republic, Poland, Romania and Estonia).We consider the financial constraints of private companies and compare the level of indebtedness and the determinants firms choices of capital structure in selected EU accession countries and EU countries.A dynamic non-linear adjustment model is adopted to explicitly model the adjustment of a firm s leverage to a target leverage.
Persistent Identifier of the first edition: 
ISBN: 
951-686-894-0
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.