The pecking order theory was also confirmed for some indicators (Table 1)....negative link between profitability and indebtedness was consistent with the pecking...
analysis was made of the domestic finan-
cial system and business practices in order...-
plies a change in the structure of activities of individu-
al institutions in...
Taking into account di¤erences among countries we analyze each country
separately in order...i.e.
negatively) related to (the upper bound of) bank�s insolvency probability...
is to create additional capital in the periods of increasing cyclical risks in order...filters contrasting the long-term credit activity with the economic activity in...
