Capital Structure with Risky Foreign Investment
By Mihir A. Desai, James R. Hines, Rohan Williamson, M. Zenner. 2008
147 citations recorded by the source corpus.
Subfields: Accounting, Sociology and Political Science, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/7c7f598d3bcc69af7ad6baa0623ede108882350e
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Citations in the corpus
- Capital Structure Choice and Company Taxation: A Meta-Study (2013, unknown): “A first strand of literature avoids the use of direct marginal tax rate (MTR) proxies altogether (see MacKie-Mason (1990); Dhaliwal et al. (1992); Trezevant (1992); Downs (1993); Barklay and Smith (1995); Graham and Tucker (2006)).”
- A review of tax research (2010, unknown): “See Hines (2005), Desai et al. (2005a and 2005b), Dharmapala and Hines (2006), Desai and Hines (2004), Hines and Rice (1994), Desai et al. (2008), and Slemrod and Wilson (2009).”
- The capital structure of multinational companies under tax competition (2009, background): “12 Country-specific shock may be due both to exchange rate volatility and to the fact that returns of subsidiaries operating in countries that are politically riskier are more volatile (see Desai et al. 2006 ).”
- Who is Afraid of Political Risk? Multinational Firms and Their Choice of Capital Structure (2010, methodology): “This effect would be even larger if outside investors were less exposed to political risk and hence would value the foreign affiliate more highly.10 Desai et al. (2008), who find empirically that debt is higher in high political risk countries, have argued that credits taken by local creditors may…”
- Political risk and dividend policy: Evidence from international political crises (2015, unknown): “Our study in MNCs payout behavior belongs to the growing international business literature on how political risk affects MNCs’ financial decisions (Alfaro et al., 2008; Click, 2005; Click & Weiner, 2010; Desai et al., 2008; Vaaler, 2008; and others).”
- Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (2013, unknown): “Changes in the real exchange rate affect the relative wealth levels of foreign and domestic investors and may lead to changes in investors’ actual relative purchasing power (Froot and Stein (1991) and Klein and Rosengren (1994)). Tax is also an important consideration for the choice of FDI location ”