attempts to reconcile competing theories of capital structure and appraises recent models which use agency theory and …

export market performance over the last few years is linked to the deterioration of profitability of production in Finland. A … profitability. Wage moderation is necessary for this to happen. On the other hand, the determinants of Finland’s long …

Postal service volumes have diminished and the profitability of postal and courier activities has weakened in Finland … in recent years. The study evaluates the development of the service volumes, profitability and employment of postal and … distribution volumes. The profitability of postal services is not expected to improve until 2020 because the increasing unit costs …

’s profitability with the universal service obligation and without it. The data suggest that the provision of universal letter services … in compliance with the law causes a notable financial burden for Itella. The profitability of the universal service …

illustrate how the tax incentives are reflected in firms’ profit distribution policies. We then build a dynamic investment model … that features the main characteristics of the Finnish dividend taxation. In the model, entrepreneurs face a borrowing … constraint and have a consumption smoothing motive. We use the model to investigate how the current dividend taxation affects the …