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.

引用

页码：42 / 53

页数：12

共 39 条

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