The Effect of International Acquisitions on the Structure of the Capital
Scientific Annals of the “Alexandru Ioan Cuza” University of Iasi : Economic Sciences Series 01/2006;
This paper examines the effect of foreign acquisitions on the capital structure of corporations. A multivariate analysis using debt flow data examines the relation between additional financing through long-term debt after foreign acquisitions and the characteristics of these acquisitions, the acquiring corporation and the environment of the acquired subsidiaries. The result of this paper suggest that in addition of the two major determinants of the capital’s structure (size and profitability), debt financing can also be explained by a geographical an d industrial diversification effect.
Data provided are for informational purposes only. Although carefully collected, accuracy cannot be guaranteed. The impact factor represents a rough estimation of the journal's impact factor and does not reflect the actual current impact factor. Publisher conditions are provided by RoMEO. Differing provisions from the publisher's actual policy or licence agreement may be applicable.