... to raise funds locally help promote development? This paper addresses this issue by examining the capital structure and financing sources of foreign subsidiaries of MNEs. Design/methodology/approach This paper integrates the capital structure theories in finance with internalization theory...

... of a firm decreases the impact that national culture has on its capital structure. Additionally, our study makes another significant contribution by establishing existing cultural dimensions as economically and statistically significant determinants of capital structure. © Emerald Group Publishing Limited...

...Hanjoon Kim; Paul D. Berger This paper investigates the determinants of the capital structure of large corporations headquartered in the United States and Korea. We consider five explanatory variables: profit, company size, non‐debt tax shields, growth, and business‐risk, along with several...

... of convergence of interests between management and ownership and entrenchment theory, and also explain why many studies have found conflicting results. © Emerald Group Publishing Limited 2007 Capital structure Ownership South Korea Dividend policy Debt VOLUME 15 NUMBER 3 FALL 2007...