Series: IMF Working Papers
Author(s): Selin Sayek , Alexander Lehmann , and Hyoung Kang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2004
Keywords: Multinational companies, financial development, capital structure, host country, fdi, foreign affiliates, direct investment, host-country, Financial Aspects of Economic Integration,
We use data on the sources of debt finance of U.S. majority-owned foreign affiliates in 53 countries over the period 1983 to 2001 to examine the role of financial market development, and exposure to host country-sp...