|
|
|
|
||||
|
||||
Corporate International Activity and Debt FinancingSattar MansiVirginia Polytechnic Institute & State University David M. ReebNational University of Singapore; Temple University 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 working papers seriesDate posted: October 4, 2001 ; Last revised: March 24, 2009Suggested Citation |
|
|||||||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo3 in 0.406 seconds
