... increase in leverage also brings about an underlying credit risk, increasing the debt vulnerability of emerging countries. Credit spread serves as a prominent indicator of susceptibility in this context. It can offer valuable insights into the prevailing market landscape and facilitate predictions...

.... First, it investigates the impact of syndicated investment on investees' transitional performance indicators in addition to performance indicators. Second, it focuses on Estonia, an emerging country that has somewhat achieved success in fostering information and communications technology startups...