According to more recent theories on the optimal capital structure, the availability of external financing is not always guaranteed, or it may come at different costs, depending on the methods of financing used (debt vs. equity, long-term debt vs. short-term debt, etc.). Under such...

The transition of the »Old Communist« countries of East and Central Europe has been disappointingly slow given the amount of physical and human capital available at the start of the <p> transition. We argue that this slowness is caused by the lack of social capital, which is an <p> important factor...</p></p>

After the Second World War, Central and Eastern Europe was discovering the communist influence. The communist ideology changed the political regimes of the countries from the region, but most important it changed the society and the mentality of the people living in Central and Eastern Europe....

After the Second World War, Central and Eastern Europe was discovering the communist influence. The communist ideology changed the political regimes of the countries from the region, but most important it changed the society and the mentality of the people living in Central and Eastern Europe....