Degree of Multinationality and Financial Performance: A Study of U.S.-Based Multinational Corporations

Degree of Multinationality and Financial Performance: A Study of U.S.-Based Multinational... This paper examines the marginal benefits that accrue to U.S.-based multinational corporations through increased international investment. Specifically, the study seeks to determine if increased degrees of multinationality produce additional benefits for multinational firms in terms of excess returns and/or reduced risk. The results indicate that during the period studied, the degree of multinationality did not have a significant influence on the risk and return performance of the sample firms. Thus, the study supports the findings of Qian (1996) and Siegel et al. (1995, 1995A) who report that the advantages enjoyed by multinational corporations may be going away. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Quantitative Finance and Accounting Springer Journals

Degree of Multinationality and Financial Performance: A Study of U.S.-Based Multinational Corporations

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1998 by Kluwer Academic Publishers
Subject
Finance; Corporate Finance; Accounting/Auditing; Econometrics; Operation Research/Decision Theory
ISSN
0924-865X
eISSN
1573-7179
D.O.I.
10.1023/A:1008288309652
Publisher site
See Article on Publisher Site

References

  • International corporate diversification, market valuation, and size-adjusted evidence
    Errunza, V.; Senbet, L.
  • Shareholder benefits from corporate international diversification
    Fatemi, A.

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