Download or read book International Diversification Through Investment in Multinational Companies written by Catalina Ursu and published by . This book was released on 2018 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Diversification and the Multinational Enterprise written by Alan M. Rugman and published by Lexington, Mass. ; Toronto : Heath. This book was released on 1979 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Policy Aspects of Foreign Investment by U S Multinational Corporations written by United States. Office of International Investment and published by . This book was released on 1972 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Investor Benefits from International Diversification written by Mikael Gustafsson and published by . This book was released on 1985 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book New Perspectives on the International Diversification of Multinational Enterprises written by Yi Li and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuit of international markets and resources from foreign sources has increased dramatically across the globe during the past three decades, and the academic study of international diversification has increased concurrently. Although scholars have studied several areas of international diversification research, there are still some unsolved problems, and new theoretical perspectives are needed to advance the field. In this thesis, I derive comprehensive models of international diversification by examining these variables through new perspectives. Based on positive organisational scholarship, configurational and institutional perspectives, I build new theoretical frameworks to fill gaps in international diversification research. This dissertation comprises three studies. Each of the studies examines different angles of international diversification, and the three individual research papers are intertwined to provide a coherent and integrated framework for this thesis. In Study 1, I elaborate a theoretical framework advancing the generalisation of international diversification research in emerging economies. Previous studies mainly focus on international diversification of multinational enterprises (MNEs) from well-developed countries, but largely ignored international diversification of emerging economy MNEs. To fill this research gap, Study 1 captures how Top Management Teams' (TMT) industrial and institutional factors influence mixed foreign direct investment (FDI), an important type of international diversification especially for emerging economy firms. Following the positive organisational scholarship perspective, I examine the positive influence of TMT functional diversity on emerging economy firms' likelihood of conducting mixed FDI. Furthermore, the effect of TMT functional diversity on mixed FDI is contingent on the social context of the TMT, competitive condition of the industry, and institutional development of firm locality. As an extension to Study 1, Study 2 evaluates the impact of various international diversification strategies on firms' internationalisation performance in the context of emerging economies. Within the configurational perspective, Study 2 investigates equifinal paths for emerging economy firms to achieve strategic fit (in the form of desired internationalisation performance) through configurations of the TMT's structure, international diversification strategy, and environmental condition. Within fuzzy-set analysis, the empirical results support my proposition about configurations of strategic fit in an emerging economy firm's international diversification, and multiple equifinal strategic-fit paths have been found. In Study 3, I extend the literature by developing arguments for performance benefits of institutional diversification strategies of MNEs. Existing studies have largely overlooked host-country institutional differences when considering the effects of different foreign countries on the MNE performance. I seek to fill this research gap by teasing out the effects of institutional diversification, and building theory on the relationship between different types of institutional diversification and MNE performance. Based on new institutional economics and comparative institutionalism, I divide institutional diversification into two main types: vertical institutional diversification and horizontal institutional diversification. I propose that the degree of vertical institutional diversification will have a negative effect on the MNE performance, while the scope of this diversification will serve to strengthen this negative effect. For horizontal institutional diversification, I propose that the MNE's degree of this diversification will have a positive effect on its performance, and its scope weakens this positive effect.

Download or read book Multinationals and the Gains from International Diversification written by Patrick F. Rowland and published by . This book was released on 1998 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: One 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.

Download or read book The Future of Foreign Direct Investment and the Multinational Enterprise written by Ravi Ramamurti and published by Emerald Group Publishing. This book was released on 2011-04-27 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Festschrift in honour of Professor Yair Aharoni, a pioneer in the field of international business, looks at several of these new trends in FDI, what they will mean for firms and governments, and the opportunities created by these developments to enrich or extend extant theory.

Download or read book Foreign Direct Investment Ownership Advantages Firm Specific Factors Survival And Performance written by Mehdi Rasouli Ghahroudi and published by World Scientific. This book was released on 2018-08-31 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the book is to extend and develop the literature on foreign direct investment (FDI) and multinational corporation (MNCs) subsidiaries. There are several reasons for studying foreign investment and ownership. First, firms need to identify which host country industry factors are important in choosing among the various type of equity ownership (e.g. international joint ventures or wholly-owned subsidiary). Second, international diversification through foreign market entry can provide growth and profitability at rates unavailable in home markets. A third reason this warrants some attention is that type of ownership can affect attempts to counter international competition by engaging foreign rivals on their home turf. Fourth, firms have the option of choosing the appropriate equity ownership for international markets based on balancing their resources, capabilities, and international experience with their desire for ownership and control. This book extends the literature in FDI by providing empirical support for several theories and previously defined and/or tested constructs. For example, the parent and subsidiary's factors measured in this study suggest the importance of internalization and ownership advantages of Dunning's eclectic theory.

Download or read book International Diversification at Home and Abroad written by Fang Cai and published by . This book was released on 2007 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is an established fact that investors favor the familiar%u2014be it domestic securities or, within a country, the securities of nearby firms%u2014and avoid investments that would provide the greatest diversification benefits. While we do not rule out familiarity as an important driver of portfolio allocations, we provide new evidence of investors%u2019 international diversification motive. In particular, our analysis of the security-level U.S. equity holdings of foreign and domestic institutional investors indicates that institutional investors reveal a preference for domestic multinationals (MNCs), even after controlling for familiarity factors. We attribute this revealed preference to the desire to obtain %u201Csafe%u201D international diversification. We then show that holdings of domestic MNCs are substantial and, after accounting for this home-grown foreign exposure, that the share of %u201Cforeign%u201D equities in investors%u2019 portfolios roughly doubles, reducing (but not eliminating) the observed home bias.

Download or read book Indirect International Diversification Through U S Multinational Firms written by William LeRoy Beedles and published by . This book was released on 1978 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Multinational Enterprise RLE International Business written by John H Dunning and published by Routledge. This book was released on 2013-01-17 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses on the major environmental implications stemming from the growth of the multinational enterprise in a multiple currency world; the international transfer of technology; industrial relations and labour utilization in foreign-owned firms in the UK; multinational companies and trade union interests; foreign direct investment, the balance of payments and trade flows; the multinational enterprise and developing countries; government policy alternatives and the problem of international sharing and a case study of a multinational enterprise in Europe. A survey of the background to the multinational enterprise and concluding summaries ensure that this book is one of the most widely embracing volumes available on the subject.

Download or read book Contemporary Issues in International Business written by Davide Castellani and published by Springer. This book was released on 2018-02-14 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ACADEMY OF INTERNATIONAL BUSINESS (UK and Ireland Chapter) Published in association with the UK and Ireland Chapter of the Academy of International Business. This brand new edited collection addresses the growing uncertainty and socio-economic challenges of globalisation and its profound implications for the strategies and operations of multinational enterprises (MNEs). Responding to the new balance in international business, the authors offer valuable insights into the co-evolutionary processes involved in headquarters-subsidiary relationships, the need for novel strategies by MNEs to retain competitive advantage, improve performance and contribute to the global economy.

Download or read book Multinationals and the Gains from International Diversification written by Patrick F. Rowland and published by . This book was released on 2002 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: One 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.

Download or read book Multinational Corporations and Foreign Direct Investment written by Stephen D. Cohen and published by Oxford University Press. This book was released on 2007-02-03 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment (FDI) and multinational corporations (MNCs)--for better and worse--play a large and growing role in shaping our world. The integrating thesis of this book is the inevitability of heterogeneity in FDI and MNCs and, accordingly, the imperative of disaggregation. Large companies doing business on a global basis increasingly dominate the production and marketing of the world's goods and services. The importance of these companies continues to grow while the debate about their nature and effects remains mired in a long-standing stalemate couched in strong black and white terms. Stephen D. Cohen seeks to reconcile this impasse by analyzing multinational corporations and foreign direct investment in an eclectic, nuanced manner. The core thesis is that an accurate understanding of the nature and impact of these phenomena comes from acknowledging the dominance of heterogeneity, perceptions, and ambiguity and the paucity of universal truths. This approach should contribute significantly to both a better academic understanding and a more productive policy debate of an increasingly important element of the world economy.

Download or read book OECD Energy Investment Policy Review of Ukraine written by OECD and published by OECD Publishing. This book was released on 2021-12-15 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Review assesses Ukraine’s investment climate vis-à-vis the country’s energy sector reforms and discusses challenges and opportunities in this context. Capitalising on the OECD Policy Framework for Investment and other relevant instruments and guidance, the Review takes a broad approach to investment climate challenges facing Ukraine’s energy sector.

Download or read book The Growth and Evolution of Multinational Enterprise written by Robert D. Pearce and published by Edward Elgar Publishing. This book was released on 1993 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: As leading enterprises increasingly recognize the need for global strategy in the face of a continually competitive business environment, they also need to assess a greater heterogeneous range of possible paths to growth. This accomplished book offers an empirical analysis of some of these possibilities. Drawing on a large database of multinational firms, it investigates, for the first time, a series of important issues within an internally consistent ideological framework. It tests the determinants of the internationalization of sales by analysing overseas production ratio, parent export ratio, overseas sales ratio and sourcing ratio. It also analyses industrial diversification as an alternative route to growth. The Growth and Evolution of Multinational Enterprise will be of great interest to researchers and professional economists specializing in multinational companies, industrial economics and international business.

Download or read book Procedures for Capital Budgeting Under Uncertainty written by Stewart C Myers and published by Legare Street Press. This book was released on 2023-07-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This financial guide provides valuable insight into the complex process of capital budgeting. With in-depth analysis of various financial instruments and investment strategies, this publication is essential reading for financial analysts, business owners, and investors. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.