multinational in firms' corporate financial decisions and survey the related academic evidence. We document that, among U …. Multinational firms are exposed to additional risks beyond those facing domestic firms coming from political factors and exchange … that multinational firms, indeed, have a better access to foreign capital markets and a lower cost of debt than otherwise …

internationalization and a firm's capital structure, measured by the leverage ratio. Univariate tests show that multinational corporations … that some threshold of internationalization exists. The degree of internationalization is negatively associated with a firm …

Despite the increasing attention on the role of internationalization in firms' capital structure decisions, and the … the zero leverage decision. We explore the relationship between the level of internationalization and zero leverage using … level of internationalization. We also provide evidence that the zero leverage decision is affected by industry …