This paper looks for empirical evidence of rational speculative bubbles on the Estonian stock market during the period 1996–1999. Four different testing methodologies are used in the paper: two tests are indirect, looking for statistical “footprints” of the speculative dynamics in the...

The aim of the research is to cover the important aspects of corporate capability portfolio development – its co-evolution and configuration with an alliance portfolio. Capability portfolio management has received less attention than it deserves, and the co-evolution of capability and alliance...

The purpose of the study is to describe how Finnish high-tech small and medium-sized enterprises (SME) can achieve growth from international markets and to explore what roles dynamic capabilities can play in SMEs’ international growth. The dynamic capabilities construct has been criticised for...

This paper uses and extends the empirical strategy developed by Angrist and Kugler (2003) in order to test the effect of external immigration on native employment rates in the European Union (EU) in light of the booming migration flows of the 2000s. My findings discredit the authors’ main...

The linkages between housing wealth and household consumption are contentious. This paper uses a recently introduced statistical concept, housing equity withdrawal (HEW), to investigate the linkages in the case of Estonia. HEW is defined as net borrowing by the household sector, which is secured...

Ownership is the key building block in the development of the capitalist socio-economic system. It is not just a legal-economic construct; it has also personal, social, political, and economic value dimensions. The problem of not understanding the owners’ role or behaviour, either on...

Prior literature does not describe adequately the value of dynamic capabilities in a project business and does not follow their evolvement, there also exist several contradictions – the aim is to clarify these issues in small- and medium sized companies in Eastern Europe. A descriptive...