Incidenta achizitiilor internationale asupra structurii capitalului firmei

Gabriela Ciurariu () and Gabriel Stefura ()
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Gabriel Stefura: The Department of Economics, Quantitative Analysis and Business Information Systems, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2006, vol. 52-53, 71-76

Abstract: 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.

Keywords: foreign acquisitions; capital structure; debt ratio; leverage increases; multivariate analysis; debt flow; acquiring corporation; debt financing; diversification effect; debt financing decision (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:aic:journl:y:2006:v:13:p:71-76

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