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Assume a subsidiary is forced to borrow in excess of the MNC's optimal capital structure. Also assume that the parent company reduces its debt financing by an offsetting amount. Under this scenario, the cost of capital for the MNC overall could not have changed.
Political Parties
Groups of individuals united by common political goals and views, aiming to affect public policy through the election of their representatives into public offices.
Waves of Democracy
Phases of significant spread of democracy throughout various countries, often resulting from socio-political movements, changes, and reforms.
Property-Owning
The condition of possessing legal title or right to own property, such as real estate, personal belongings, or intellectual property.
Student Protest
A form of collective action undertaken by students to voice their opposition to various issues, often related to educational policies, political issues, or social injustices.
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