Stobieniecka, Weronika; Białek-Jaworska, Anna - In: Central European economic journal 7 (2020) 54, pp. 242-257
This paper investigates whether municipalities in Poland use their municipal companies to increase debt capacity beyond …,019 observations of municipalities and their municipal companies using the Ordinary Least Squares (OLS) method, where explanatory … municipalities is positively associated with the leverage and size of municipal companies, but it is negatively related to their …