Horváth, Roman - William Davidson Institute, University of Michigan - 2006
panel of the financial statements of 448 Czech firms from 1996–2002, we find that balance sheet indicators matter for the …
Roman Horváth*
Czech National Bank and Institute of Economic Studies, Charles University
ABSTRACT
The paper … firm size (i.e., small firms).
The results indicate that Czech firms paid higher interest rates during economic downturn …