haku: @author Reeb, D. M. / yhteensä: 10
viite: 7 / 10
| Tekijä: | Mansi, S. A. Reeb, D. M. |
| Otsikko: | Corporate International Activity and Debt Financing |
| Lehti: | Journal of International Business Studies
2002 : VOL. 33:1, p. 129-148 |
| Asiasana: | COMPANIES MULTINATIONAL COMPANIES DEBT DEBT FINANCING COMPANIES |
| Kieli: | eng |
| Tiivistelmä: | The literature provides conflicting evidence on the relation between corporate international activity and the cost and level of debt financing. Based on this evidence, the authors explore the impact of firm internationalization on debt financing. Using a market- based sample of U.S. firms, the authors find significant evidence of a non-monotonic relation between firm international activity and both the cost and level of debt financing. Specifically, the authors find that, contrary to prior research, firm international activity is, on average, associated with a 13% reduction in the cost of debt financing and a 30% increase in firm leverage. |
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