Do multinational and domestic corporations differ in their leverage policies?

► We examine the leverage policies of MNCs in comparison to those of non-MNCs. ► The debt ratios of MNCs and non-MNCs do not differ significantly. ► MNCs and non-MNCs do not differ significantly in the speed of leverage adjustments. ► They do not differ significantly in the likelihood of issuing debt vs. equity. ► The leverage policies of MNCs and non-MNCs at the corporate level do not differ much.