FOREIGN PROJECT FINANCING IN SEGMENTED CAPITAL-MARKETS - EQUITY VERSUS DEBT

被引：1
|
作者：
THOMADAKIS, S [1 ]
USMEN, N [1 ]
机构：
[1] RUTGERS STATE UNIV,FINANCE,NEW BRUNSWICK,NJ 08903
来源：
FINANCIAL MANAGEMENT | 1991年 / 20卷 / 04期
关键词：
D O I：
10.2307/3665711
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Starting with the premise of capital structure irrelevance in each national market, the study arrives at an optimal international capital structure comprised of country A equity and country B debt in segmented international capital markets. It is also shown in such a market that risky foreign debt can enhance shareholder wealth beyond that of default-free debt. Empirical predictions are made about types of firms that are prone to issue foreign debt/equity.
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页码：42 / 53
页数：12
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