Interaction between external debt and equity finance in Hungarian international investment positions

Kuti, M. (2007) Interaction between external debt and equity finance in Hungarian international investment positions. Acta Oeconomica, 57 (3). pp. 229-245. ISSN 0001-6373

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Abstract

This study aims to scrutinise the external capital structure in Hungary from the 1970s to recent years. On the one hand, this paper uses a combined analysis of external debt and equity, and, on the other hand, it makes an effort to apply a couple of corporate finance principles to a macro-economic setting, attempting to test the corporate model on a national economy from the perspective of the sources and uses of global funds and their return. At the same time, the corporate analogue has its limitations.

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