In this paper we explore the extent to which firms engaged in international trade and FDI activities share profits. We allow for differences not only between domestic and foreign owned firms, but also between firms with outward FDI, importers and exporters. We argue that firms engaged in...

The paper studies the extent of corporate leverage and range of excessive debt of Slovenian firms during the recent financial crisis. Half of all firms (of those with some non-zero debt and at least one employee) are found to face an unsustainable debt-to-EBITDA leverage ratio beyond 4,...