Entry Mode Decision and Capital Structure

• Main Authors: Yeh,Hsiao-Hua, 葉曉樺
• Other Authors: Kao,Ming-Sung
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/62652422957036243405

碩士 === 輔仁大學 === 金融與國際企業學系金融碩士班 === 101 === International corporate investment behavior has become a trend in recent years. To enter the foreign market, enterprise will likely choose the way by foreign direct investment (FDI). However, foreign direct investment includes a variety of different types which may causes the different cost of capital and capital structure. This study investigates the impact of International Joint Venture (IJV) and capital structure for firms in emerging economies. The hypotheses are tested by using a sample of 884 Taiwanese firms in 2007-2011. We find that the International Joint Venture (IJV) is in line with a high debt ratio.