Debt heterogeneity, agency costs and business risk of multinational corporations
Internationalization enables multinational corporations (MNCs) to diversify their source and type of debt as well as earnings, although doing so incurs agency costs of debt and business risk.To mitigate these costs, existing studies find that MNCs typically have lower levels of long-term debt than d...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/11579/1/D.pdf |