We investigate the effect of mergers on corporate debt financing using time series analysis. We find that corporate debt use increases during periods of very high merger activity but is not significantly affected by variations within the normal range of merger activity. Traditional trade-off and...

We investigate the relationship among multinational operation, ownership and capital structure using data from China's A-share listed companies. We find that, in general, multinational enterprises (MNEs) have lower leverages than domestic enterprises (DEs). More importantly, we document a...