This study investigates how knowledge transfers within multinational corporations affect financing decisions of foreign subsidiaries using a unique dataset on Korean multinationals and their foreign subsidiaries’ employment structure. We document that subsidiaries with more expatriate managers...

Using data on Korean subsidiaries with 18 different countries of origin and a newspaper-based economic policy uncertainty (EPU) index, we investigate the effect of uncertainty transmission on multinationals’ key decisions. Subsidiaries of multinational corporations face host and home country...

This paper investigates how knowledge transferred within multinational corporations affects capital structure decisions of foreign affiliates. Employing the unique dataset on Korean multinationals and their employment structure of foreign affiliates, we measure the knowledge transfer through...