Abstract
This paper presents the preliminary findings of a study of the industry-level capital structure of firms in three countries (Indonesia, Philippines, and Singapore) with cities (Jakarta, Manila, and Singapore) that are within the Pacific Asia cluster of Taylor's (2004) World City Network. This is an exploratory paper that considers country-specific variables beyond those used by previous authors to determine if the globalizing effect represented by the network of global service firms (accounting, advertising, financial, and law) identified by Taylor provides insights into the capital structure for firms within a world city's geographic influence.
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