Risks of International Activities and Corporate Financing - A Review and Suggestions

23 Pages Posted: 9 Mar 2007

See all articles by Malte Brockmann

Malte Brockmann

EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting

Date Written: January 11, 2007

Abstract

This paper reviews the status quo of empirical literature at the junction of risks related to international activities and capital structure theory. A classification scheme for different types of risks is proposed that is used as a framework for re-interpreting empirical results published so far. Results on the meta-level are mostly ambiguous indicating that the research agenda is still open and shifting towards questions neglected in former studies. Main coverage in future analyses, despite methodological issues and selection of proxies, should be shifted towards factors driving the decision for or against natural hedges to be able to control for conflicting results.

Keywords: Multinational Firms, International Business, Financing Policy, Capital Structure, Risk Management

JEL Classification: F23, G32

Suggested Citation

Brockmann, Malte, Risks of International Activities and Corporate Financing - A Review and Suggestions (January 11, 2007). Available at SSRN: https://ssrn.com/abstract=968147 or http://dx.doi.org/10.2139/ssrn.968147

Malte Brockmann (Contact Author)

EBS Universität für Wirtschaft und Recht - EBS Business School - Department of Finance and Accounting ( email )

Gustav-Stresemann-Ring 3
Wiesbaden, Hessen 65189
Germany

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