We investigate capital allocation across a firm's divisions that differ with respect to the degree of asset tangibility. We adopt an incomplete contracting approach where the outcome of potential debt renegotiations depends on the liquidation value of assets. However, with diversity in terms of...

This paper analyses the extent of technological capability of foreign subsidiaries located in East Germany, and looks at the determinants of foreign subsidiaries' technological sourcing behaviour. The theory of international production underlines the importance of strategic and regional level...

This Special Edition of East-West Journal of Economics and Business is guided by the interest in the question to what extent foreign direct investors transfer technology or knowledge to the economies in Central East Europe (CEE). The main objectives of this Special Edition are: first, to...