Abstract
This study investigates factors affecting the selection of markets for issuing foreign bonds and assesses the increase in the likelihood of issuing in a given market when certain variables are present. Logistic regression models evaluate similarity/diversity of accounting systems; disclosure levels; and the existence of a parent/subsidiary and/or an equity listing in the market country as independent variables. The results support the hypothesis that accounting diversity is an influencing factor in selection of a market for issuing foreign bonds.
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