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Based on the capital structure theories, discuss how firms make financing decisions. In general, what are major factors to consider when making capital structure decisions?

Based on the capital structure theories, discuss how firms make financing decisions. In general, what are major factors to consider when making capital structure decisions? For multinational firms, what are the additional factors to consider when marking financing decisions? You can base your discussion on the research paper "The Corporate Finance of Multinational Firms"

The paper from SSRN at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3535761

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