Manuscript Type: EmpiricalResearch Question/Issue: We examine determinants of cash holdings in Chinese subsidiaries of U.S. multinational corporations (MNCs), a setting where growth opportunities make cash holdings desirable for investment opportunities but also vulnerable to potential...

This study examines the spillover effects of home country institutional and cultural characteristics on the subsidiaries operating in France while they are in the process of making capital structure choices and debt maturity choices. We document that while subsidiaries financing choices are...