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Capital Structure and the Financing of the Multinational Corporation: A Fractional Multiobjective Approach

Published online by Cambridge University Press:  06 April 2009

Jonathan S. H. Kornbluth  and
Joseph D. Vinso
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Extract

The financial manager of the multinational corporation (MNC) is faced with various tax structures, changing exchange rates, barriers to capital flows, and the possibility of financial market segmentation. The manager must be concerned with determining an optimal capital structure as well as identifying the sources of the relevant funds. Likewise, the manager must be concerned not only with funds flows, but also with the risk that the value of these flows will change owing to changing exchange rates. Finally, the manager must be concerned with operating under widely differing governmental philosophies.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 17 , Issue 2 , June 1982 , pp. 147 - 178
Copyright
Copyright © School of Business Administration, University of Washington 1982

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