Hernádi, Péter; Ormos, Mihály - In: Acta Oeconomica 62 (2012) June, pp. 229-263
Eastern Europe from 2002 to 2007. We test the relevance of the three main theories: the Static Trade-off Theory, the Pecking … Order Theory, and the Agency Theory, which have been derived primarily for developed markets, because our knowledge on their … relevance of the Trade-off Theory is weak, as firms respect a one-sided upper threshold rather than converging to a fixed target …