Positive theories of multinational banking: eclectic theory versus internalisation theory
B Williams - Journal of Economic Surveys, 1997 - Wiley Online Library
The choice of an appropriate paradigm to consider banks' motivation to enter a new market
and their subsequent performance is an important issue in multinational banking. This paper …
and their subsequent performance is an important issue in multinational banking. This paper …
International portfolio diversification with estimation risk
P Jorion - Journal of Business, 1985 - JSTOR
Previous studies of international portfolio diversification have relied on ex post mean-
variance analysis without considering the problem of estimation risk. Typically, past …
variance analysis without considering the problem of estimation risk. Typically, past …
Shareholder benefits from corporate international diversification: Evidence from US international acquisitions
CC Markides, CD Ittner - Journal of international business studies, 1994 - Springer
Do international acquisitions—in contrast to their domestic counterparts—create value for
the acquiring firms' shareholders? This study examines the valuation consequences of 276 …
the acquiring firms' shareholders? This study examines the valuation consequences of 276 …
Cross‐border M&As by Chinese firms: An analysis of strategic motives and performance
A Boateng, W Qian, Y Tianle - … international business review, 2008 - Wiley Online Library
This article considers the strategic motivation and performance of Chinese cross‐border
mergerand‐acquisition (M&A) activities of 27 deals that took place in the Shanghai and …
mergerand‐acquisition (M&A) activities of 27 deals that took place in the Shanghai and …
Gains from international diversification: 1968–85 returns on portfolios of stocks and bonds
RR Grauer, NH Hakansson - The Journal of Finance, 1987 - Wiley Online Library
This paper applies the multi‐period investment model to a universe of international
securities on the basis of the simple probability assessment approach. Our principal findings …
securities on the basis of the simple probability assessment approach. Our principal findings …
What is a multinational corporation? Classifying the degree of firm-level multinationality
The degree of firm-level multinationality is a key dimension that spans all theoretical
frameworks, levels of empirical analysis and domains of investigation in international …
frameworks, levels of empirical analysis and domains of investigation in international …
International acquisitions and shareholder wealth Evidence from the Netherlands
In this article, we test wealth effects of international acquisitions using a sample of foreign
acquisitions by Dutch firms during the period 1990–96. We find weak evidence that cross …
acquisitions by Dutch firms during the period 1990–96. We find weak evidence that cross …
Exchange risk and international diversification in bond and equity portfolios
E Kaplanis, SM Schaefer - Journal of Economics and Business, 1991 - Elsevier
Early studies of the benefits of international diversification in equity portfolios show that there
are substantial opportunities for risk reduction whether or not the investor attempts to hedge …
are substantial opportunities for risk reduction whether or not the investor attempts to hedge …
Determinants of international portfolio investment flows to a small market: empirical evidence
E Liljeblom, A Löflund - Journal of multinational financial management, 2005 - Elsevier
This paper investigates the determinants of foreign portfolio investment flows into a market
on which restrictions for foreign investments were removed in 1993, the Finnish stock …
on which restrictions for foreign investments were removed in 1993, the Finnish stock …
Firm-level internationalisation and the home bias puzzle
The extent to which internationalising MNEs create value, and the extent to which investors
can reap the benefits of firm-level internationalisation remain controversial issues. Using a …
can reap the benefits of firm-level internationalisation remain controversial issues. Using a …