کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
958085 928862 2010 22 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Firm-level internationalisation and the home bias puzzle
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
پیش نمایش صفحه اول مقاله
Firm-level internationalisation and the home bias puzzle
چکیده انگلیسی

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 multi-country dataset with over 3 million observations, we classify 1143 firms listed on the exchanges of the G7 countries according to the geographical spread of their sales and subsidiaries. We show that more internationalised firms provide greater diversification benefits. By investing in home-based internationalised firms, investors can ‘free ride’ the costs and risks associated with internationalisation at the level of the firm and exhibit home bias while availing of international diversification benefits.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economics and Business - Volume 62, Issue 4, July–August 2010, Pages 235–256
نویسندگان
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