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Does internationalization affect firm valuation? To answer this question, literature mainly considers firms from around the world internationalizing by issuing equity in the USA, whereas the current study focuses on US firms that internationalize by issuing debt in overseas markets. This paper...
Persistent link: https://www.econbiz.de/10011906243
Despite the increasing attention on the role of internationalization in firms' capital structure decisions, and the increasing adoption of zero leverage policies by multinationals, no study attempts to explain the effect of multi-nationality on the zero leverage decision. We explore the...
Persistent link: https://www.econbiz.de/10012961332
Using a sample of Taiwan firms over the period of 2001 to 2005, this study investigates the relationship between internationalization and a firm's capital structure, measured by the leverage ratio. Univariate tests show that multinational corporations (MNCs) are significantly less leveraged than...
Persistent link: https://www.econbiz.de/10013133956
and diversification. The international performance of Portuguese SMEs, which is crucial for the domestic economy’s growth …, depends on a multitude of factors, with the existence of foreign investment inflows directed to industrial SMEs being a …’ internationalization. The results evidence that the presence of foreign shareholders in SMEs positively influences internationalization and …
Persistent link: https://www.econbiz.de/10012821278
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Persistent link: https://www.econbiz.de/10002244489
A theory of the potential interplay between capital structure and the ability to fund internationalization is offered. The literature on the possible influence of financial resources on the pace of internationalization is reviewed.Findings are presented from semi-structured, face-to-face...
Persistent link: https://www.econbiz.de/10014201930
While the influence of import competition on the decline of the manufacturing industry in the United States receives much attention in both the general press and academic literature, recent studies suggest that some firms are successful in establishing themselves domestically and immediately...
Persistent link: https://www.econbiz.de/10013298550
The impact of firm size on the economy and trade sector performance is lately researched due to its economic importance. Concerning it, this paper researches the specifics and determinants of impact of firm size on overall performance of distributive trade (wholesale and retail), with special...
Persistent link: https://www.econbiz.de/10011419617
Data collected from 103 senior managers from 60 internationalized Finnish firms suggests that, on average, headquarters (HQs) have placed a very high weight on formal controls, and selected relatively high degrees of decision-making decentralization and multidomestic strategy. The degree of...
Persistent link: https://www.econbiz.de/10014212063