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Corporate International Activity and Debt Financing


Sattar Mansi


Virginia Polytechnic Institute & State University

David M. Reeb


National University of Singapore

June 18, 2001

Journal of International Business Studies, Vol. 33, No. 1, 2002

Abstract:     
The literature provides conflicting evidence on the relation between corporate international activity and the cost and level of debt financing. Based on this evidence, we explore the impact of firm international activity on debt financing. Using a market-based sample of U.S. firms, we find significant evidence of a non-monotonic relation between firm international activity and both the cost and level of debt financing. Specifically, we find that, contrary to prior research, firm international activity is associated with a 13% reduction in the cost of debt and a 30% increase in the level of debt financing.

Number of Pages in PDF File: 28

Keywords: Firm Internationalization, Debt Financing

JEL Classification: G3

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Date posted: October 4, 2001 ; Last revised: April 21, 2014

Suggested Citation

Mansi, Sattar and Reeb, David M., Corporate International Activity and Debt Financing (June 18, 2001). Journal of International Business Studies, Vol. 33, No. 1, 2002. Available at SSRN: http://ssrn.com/abstract=285984 or http://dx.doi.org/10.2139/ssrn.285984

Contact Information

Sattar Mansi (Contact Author)
Virginia Polytechnic Institute & State University ( email )
David M. Reeb
National University of Singapore ( email )
Mochtar Riady Building
15 Kent Ridge Drive
Singapore, 119245
Singapore
HOME PAGE: http://https://apps-bschool.nus.edu.sg/asp/staffprofile/cv.asp?id=2422
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