MNCs headquartered in Japan and Germany tend to use a higher degree of financial leverage than MNCs headquartered in the United States.

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It is generally true that MNCs headquartered in Japan and Germany use a higher degree of financial leverage (i.e. rely more on debt financing) than MNCs based in the United States. This can be attributed to the different cultural and business norms in these countries.

MNCs Headquartered in Japan and Germany Tend to Use a Higher