This paper is concerned with an analysis of the determinants and the convergence of the corporations' development in the Metropolitan and the Non-Metropolitan Area employing the endogenous economic growth model. The convergence was faster in the Non-M...
This paper is concerned with an analysis of the determinants and the convergence of the corporations' development in the Metropolitan and the Non-Metropolitan Area employing the endogenous economic growth model. The convergence was faster in the Non-Metropolitan Area. And the big companies' convergence in the Metropolitan Area was faster, while the small companies' convergence in the Non-Metropolitan Area was faster. The role of market-based finance was more important in the corporations' sustainable development. The bond affected more positively the corporations in the Metropolitan Area. The liquidity was related to the corporations' growth in the Metropolitan and the Non-Metropolitan Area. It was needed to find the best method for the financing to achieve the companies' growth and to increase the productivity by regions, the companies size and industries.