International market segmentation and Eurodebt issues

Stavros B. Thomadakis, Nilufer Usmen

Research output: Contribution to journalArticleResearchpeer-review

Abstract

Implications of capital market segmentation for international capital structure (ICS)-capital structure consisting of equity issued in one country and debt issued in another-are examined. Necessary conditions for the emergence of ICS are analyzed under two options for debt issues (foreign debt and Eurodebt) and comparisons are made. It is shown that in cases where the project cannot support an ICS including foreign debt Eurobonds can be issued and would be profitable.

Original languageEnglish
Pages (from-to)339-354
Number of pages16
JournalReview of Quantitative Finance and Accounting
Volume5
Issue number4
DOIs
StatePublished - 1 Dec 1995

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Capital structure
International market segmentation
Debt
Foreign debt
Capital markets
Equity
Market segmentation
Eurobonds

Keywords

  • Eurobond issues
  • capital market segmentation
  • international capital structure

Cite this

Thomadakis, Stavros B. ; Usmen, Nilufer. / International market segmentation and Eurodebt issues. In: Review of Quantitative Finance and Accounting. 1995 ; Vol. 5, No. 4. pp. 339-354.
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International market segmentation and Eurodebt issues. / Thomadakis, Stavros B.; Usmen, Nilufer.

In: Review of Quantitative Finance and Accounting, Vol. 5, No. 4, 01.12.1995, p. 339-354.

Research output: Contribution to journalArticleResearchpeer-review

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