This study investigates the significance of the determinants of capital structure on a sample of Australian multinational corporations and Australian domestic corporations over the period 1992 to 2001. The determinants of capital structure have captured academic thought for many decades,...

Theoretically, it is often argued that the international diversification of earnings should enable multinational corporations to sustain higher levels of debt than domestic corporations. Studies using US multinationals often report lower leverage for multinationals relative to domestic...