International market segmentation and Eurodebt issues

Stavros B. Thomadakis; Nilufer Usmen

doi:10.1007/BF01075587

International market segmentation and Eurodebt issues

Stavros B. Thomadakis, Nilufer Usmen

Accounting and Finance

Research output: Contribution to journal › Article › peer-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 language	English
Pages (from-to)	339-354
Number of pages	16
Journal	Review of Quantitative Finance and Accounting
Volume	5
Issue number	4
DOIs	https://doi.org/10.1007/BF01075587
State	Published - Dec 1995

Keywords

Eurobond issues
capital market segmentation
international capital structure

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10.1007/BF01075587

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title = "International market segmentation and Eurodebt issues",

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.",

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AB - 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.

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International market segmentation and Eurodebt issues

Abstract

Keywords

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