Foreign currency - Denominated debt: An empirical examination

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Internationalization, capital structure, and cost of capital: evidence from French corporations (2004, background): “The results may reflect the phenomenon of MNCs using higher foreign currency denominated debt as a hedging instrument (Kedia and Mozumdar, 2002) thereby not only increasing the proportion of total debt financing but also reducing the overall cost of capital.”
Capital Controls, Liberalizations, and Foreign Direct Investment (2006, background): “See Kedia and Mozumdar (2003) and Allayannis, Brown, and Klapper (2003) for analyses of the determinants of the currency denomination of debt.”
Resolving the Exposure Puzzle: The Many Facets of Exchange Rate Exposure (2010, result): “the results of Kedia and Mozumdar (2003). Using a sample of U.”
CORPORATE HEDGING AND SHAREHOLDER VALUE (2010, background): “Moreover, corporations do not just use financial derivatives, but rely heavily on pass-through, operational hedging, and foreign currency debt to manage financial risk (Bartram, Brown and Minton, 2009; Guay and Kothari, 2003; Kedia and Mozumdar, 2003).”
The International Role of the Euro (2002, unknown): “For example, internationally active firms might find it attractive to issue liabilities that match the currencies of a part of their assets or the currency of their revenues (Kedia and Mozumadar, 2003).”