This paper examines the linkages between the emerging stock markets in Warsaw and Budapest and the established markets in Frankfurt and the U.S. By using a four-variable asymmetric GARCH-BEKK model, we find evidence of returns and volatility spillovers from the developed to the emerging markets....

Introduction1.Interpretation and measurement of capital structure in the light of theories2. Capital structure determinants according to empirical findings: a literature review 3. The role of country, industry and firm size in the differentiation of capital structure: Research methodology 4. The...