Why might a firm use a “local” capital structure at a particular subsidiary that differs substantially from its “global” capital structure?

Why might a firm use a “local” capital structure at a particular subsidiary that differs substantially from its “global” capital structure?

Assignment: Why might a firm use a “local” capital structure at a particular subsidiary that differs substantially from its “global” capital structure?

Instructions: In not less than 750 words in length (not including title page and reference page), please respond to the questions above. You must include at least one outside reference (in addition to the textbook). Organize the two questions into a single paper with two sections and a single References page. Demonstrate your mastery of these topics through examples including \”the numbers\” and formulas as appropriate. Wikipedia and dictionary-type websites are not credible sources of references..

Enclosed please find a soft copy of the chapters 14 and 18 of this book ( Eiteman, D.  Stonehill,A. & Moffett, M(2016). Multinational Business Finance,  14th Edition. Pearson Learning Solutions. VitalBook file.)- course FINC620. Use them when necessary

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