CEE Corporate Finance Peculiarities: Comparative Approach In Relation With Developed Countries

Date Added: Aug 2009
Format: PDF

In order to reveal the corporate finance peculiarities, the authors conduct a panel data study on companies located in European emerging (Czech, Poland, Slovakia, Hungary and Romania) and developed countries (United Kingdom, France, Spain, Italy and Germany). They identify specific elements at country level which strengthen the assumptions of heterogeneity at the level of corporate finance. They reveal that both firm specific and common factors have an impact on corporations; nevertheless, comparative to similar works, the degree of heterogeneity is lower, confirming the theories of CEE inter-country high correlation.