Why do over-deviated firms from target leverage undertake foreign acquisitions?
End of Embargo2019-03-02
KeywordLeverage deviation; Co-insurance theory; Global diversification; Financial constraints; Default risk; Firm value; Operating performance
Rights© 2017 Elsevier. Reproduced in accordance with the publisher's self-archiving policy. This manuscript version is made available under the CC-BY-NC-ND 4.0 license.