Avarmaa, Mari; Hazak, Aaro; Männasoo, Kadri - In: Baltic Journal of Economics 11 (2011) 1, pp. 125-146
This paper investigates whether there are systematic differences in the capital structure formation of local companies and subsidiaries of multinational companies (MNCs) operating in the Baltic States over the period from 2000 to 2008. The analysis is based on panel data estimation on a sample...