Market Recognition of Multinationals' International Diversification
Author: Md. Jawadur Rahim Zahid
Publisher:
Published: 1997
Total Pages: 323
ISBN-13:
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Author: Md. Jawadur Rahim Zahid
Publisher:
Published: 1997
Total Pages: 323
ISBN-13:
DOWNLOAD EBOOKAuthor: Alan M. Rugman
Publisher: Lexington, Mass. ; Toronto : Heath
Published: 1979
Total Pages: 168
ISBN-13:
DOWNLOAD EBOOKAuthor: Patrick F. Rowland
Publisher:
Published: 2002
Total Pages: 61
ISBN-13:
DOWNLOAD EBOOKOne possible explanation for home bias is that investors may obtain indirect international diversification benefits by investing in multinational firms rather than by investing directly in foreign markets. This paper employs mean-variance spanning tests to examine the diversification potential of multinational firms and foreign market indices for investors domiciled in Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. We find that in most countries and most time periods, the portfolio of domestic stocks spans the risk and return opportunities of a portfolio that includes domestic and multinational stocks. However, there is weak evidence that U.S. multinationals provided global diversification benefits in the full 1984-92 sample and in the post-1987 subsample. We also find that the addition of foreign market indices to a domestic portfolio - inclusive of multinationals - provides diversification benefits. The economic importance of the shift of the portfolio frontier - measured as the utility gain from diversification - varies considerably from market to market and often reflects the benefits of large short positions in certain markets.
Author: Patrick F. Rowland
Publisher:
Published: 1998
Total Pages: 74
ISBN-13:
DOWNLOAD EBOOKOne possible explanation for home bias is that investors may obtain indirect international diversification benefits by investing in multinational firms rather than by investing directly in foreign markets. This paper employs mean-variance spanning tests to examine the diversification potential of multinational firms and foreign market indices for investors domiciled in Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. We find that in most countries and most time periods, the portfolio of domestic stocks spans the risk and return opportunities of a portfolio that includes domestic and multinational stocks. However, there is weak evidence that U.S. multinationals provided global diversification benefits in the full 1984-92 sample and in the post-1987 subsample. We also find that the addition of foreign market indices to a domestic portfolio - inclusive of multinationals - provides diversification benefits. The economic importance of the shift of the portfolio frontier - measured as the utility gain from diversification - varies considerably from market to market and often reflects the benefits of large short positions in certain markets.
Author: Alain Verbeke
Publisher: Emerald Group Publishing
Published: 2014-10-29
Total Pages: 518
ISBN-13: 1784414212
DOWNLOAD EBOOKThis research volume in honour of the late Daniel Van Den Bulcke, one of the founding fathers of the European Business Academy (EIBA) and a core institution builder of the Academy of International Business (AIB), focuses on conceptual innovations in assessing the impact of institutions on multinational enterprise (MNE) strategies.
Author: The late Alan M. Rugman
Publisher: Edward Elgar Publishing
Published: 1996-01-01
Total Pages: 320
ISBN-13: 9781781008881
DOWNLOAD EBOOKThe articles in this volume explore aspects of multinational enterprises & apply the theory of internalization to North America, Europe & Japan. Rugman provides the reader with insights into the intellectual & personal history of the papers.
Author: Catalina Ursu
Publisher:
Published: 2018
Total Pages: 144
ISBN-13:
DOWNLOAD EBOOKAuthor: Alan M. Rugman
Publisher: Taylor & Francis
Published: 2002
Total Pages: 464
ISBN-13: 9780415247122
DOWNLOAD EBOOKAuthor: Tamir Agmon
Publisher:
Published: 1975
Total Pages: 32
ISBN-13:
DOWNLOAD EBOOKAuthor: John H Dunning
Publisher: Routledge
Published: 2013-04-02
Total Pages: 306
ISBN-13: 1135124205
DOWNLOAD EBOOKThis book explores some aspects of the interface between technology, competitiveness and the role of multinational enterprises in the world economy. This group of essays stresses the role of asset creation and usage, rather than reliance on natural factor endowments as a basis for national competitiveness and examines the role of multinational enterprises as vehicles for technological transfer, and the efficient co-ordination of economic activity across national boundaries.