analysis using debt flow data examines the relation between additional financing through long-term debt after foreign … profitability), debt financing can also be explained by a geographical an d industrial diversification effect. …

, financed both by equity and debt. Under these conditions, we estimate the effect of both the leverage and economic growth over … one to illustrate by means of figures, the influence of both leverage and economic growth over the cost of capital, cost …’s capital structure itself (having the same leverage) is equal to the (weighted average) cost of capital in the respective risk …