Mansi, Sattar; Reeb, David M. - In: Journal of international business studies : JIBS ; an … 33 (2002) 1, pp. 129-147
level of debt financing. Based on this evidence, we explore the impact of firm internationalization on debt financing. Using … activity and both the cost and level of debt financing. Specifically, we 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 …