domestic firms and financial leverage by examining 146 Medium Enterprises (MEs). The results show that except for ownership …, the business sector, firm age, foreign ownership level, and financial leverage significantly influence performance …. Foreign ownership substantially mediates the correlation between firm age and performance but not leverage. Both foreign …

between foreign presence and leverage with firm level panel data from China. The empirical estimation, using instrumental … China's manufacturing sector is negative. We find that the negative impact on the leverage of privately owned firms is large … foreign investment in a given domestic firm, can affect the leverage of domestic firms. We apply the model to explore the link …