| Record ID | marc_oregon_summit_records/catalog_files/washs02192008.mrc_revrev.mrc:1842664558:2294 |
| Source | Oregon Libraries |
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LEADER: 02294cam a2200361Ia 4500
001 70067258
003 OCoLC
005 20060901024739.0
008 060612s2006 maua b 000 0 eng d
029 1 $aNLGGC$b296087769
040 $aIUL$cIUL$dIUL$dGZM$dIXA$dNTE
049 $aNTEA
090 $aHB1$b.W654 no.12276
100 1 $aDesai, Mihir A.$q(Mihir Arvind),$d1968-
245 10 $aCapital structure with risky foreign investment /$cMihir A. Desai, C. Fritz Foley, James R. Hines, Jr.
260 $aCambridge, Mass. :$bNational Bureau of Economic Research,$cc2006.
300 $a19, [12] p. :$bill. ;$c22 cm.
490 1 $aNBER working paper series ;$vno. 12276.
500 $a"May 2006."
504 $aIncludes bibliographical references (p. 18-19).
530 $aAlso available in PDF from the NBER world wide web site (www.nber.org).
520 3 $a"American multinational firms respond to politically risky environments by adjusting their capital structures abroad and at home. Foreign subsidiaries located in politically risky countries have significantly more debt than do other foreign affiliates of the same parent companies. American firms further limit their equity exposures in politically risky countries by sharing ownership with local partners and by serving foreign markets with exports rather than local production. The residual political risk borne by parent companies leads them to use less domestic leverage, resulting in lower firm-wide leverage. Multinational firms with above-average exposures to politically risky countries have 8.4 percent less domestic leverage than do other firms. These findings illustrate the impact of risk exposures on capital structure"--National Bureau of Economic Research web site.
650 0 $aInvestments, Foreign$xMathematical models.
700 1 $aFoley, C. Fritz.
700 1 $aHines, James R.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research) ;$vworking paper no. 12276.
856 41 $zOnline access for everyone$uhttp://www.nber.org/papers/W12276.pdf
907 $a.b32783358$bmulti$c-
902 $a071206
998 $b2$c060901$dm$ea$f-$g0
945 $lwhs $aHB1$b.W654 no.12276
945 $lt $aHB1$b.W654 no.12276 (Electronic resource)