Dominant investors can influence the publicly available information about firms by affecting the cost of information collection. Under strategic competition, transparency results in higher variability of profits and output. Thus lenders prefer less transparency, since this protects firms when in...

Within the broad frame of regional research in an international perspective, the contributions of this volume present new theoretical, methodological and empirical results as well as political strategies for the following topics: - ecomomic integration in the Baltic rim, - innovations and...