Skip navigation
Skip navigation

The determinants of capital structure for Japanese multinational and domestic corporations

Akhtar, Shumi; Oliver, Barry


Theoretically, it is often argued that the international diversification of earnings should enable multinational corporations to sustain higher levels of debt than domestic corporations. Studies using US multinationals often report lower leverage for multinationals relative to domestic corporations, while studies on samples of French and Canadian multinationals find the theoretical relation. This paper extends the research to Japanese multinationals. We find that being a multinational...[Show more]

CollectionsANU Research Publications
Type: Journal article
Source: International Review of Finance
DOI: 10.1111/j.1468-2443.2009.01083.x


File Description SizeFormat Image
0601.pdfAuthor/s Accepted Manuscript (AAM)242.49 kBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  22 January 2019/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator