Kang, Youngho; Kim, Ryoonhee; Whang, Unjung - 2021
affiliates, we measure the knowledge transfer through human interactions using the ratio of expatriate managers to total … employees. We document that affiliates with more expatriate managers tend to maintain lower leverage, suggesting the affiliates … with high level of intangible assets passed to through expatriate managers opt for low debt financing. We further show that …
