Why might a firm use a "local" capital structure at a particular subsidiary that differs substantially from its "global" capital structure?

In 750 to 1,000 words total, respond to the following:

Why might a firm use a "local" capital structure at a particular subsidiary that differs substantially from its "global" capital structure?

Use APA format with at least one reference in addition to the textbook. Organize the two questions into a single paper with two sections and a single References page. Demonstrate your mastery of these topics through examples including "the numbers" and formulas as appropriate.