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 …

Does internationalization affect firm valuation? To answer this question, literature mainly considers firms from around … internationalize by issuing debt in overseas markets. This paper provides evidence on theories of internationalization and capital …