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these sectors are confronted with different challenges ranging from corruption, political risk, economic uncertainty, sunk … their private counterparts. When it comes to the determinants, economic policy uncertainty, corruption, and political …
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This paper investigates how multinational firms choose the capital structure of their foreign affiliates in response to political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we distinguish different types of political risk, such...
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types of political risk, like expropriation, corruption and confiscatory taxation, and In our theoretical analysis we find …
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This paper investigates how multinational firms choose the capital structure of their foreign affiliates in response to political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we distinguish different types of political risk, such...
Persistent link: https://www.econbiz.de/10012991068