Article ID Journal Published Year Pages File Type
1002970 Research in International Business and Finance 2010 18 Pages PDF
Abstract

Domestic market indices may not be domestic in the pure sense of the word if they contain a large number of multinational corporations (MNCs). This is particularly relevant in a small open economy like Ireland. This paper shows that Ireland's strong position in attracting FDI has resulted in the domestic market index (the ISEQ index) becoming a marginal measure of the Irish corporate sector. Further results show that Ireland is gaining international exposure through foreign MNCs but this foreign exposure is not directly related to the regions where these firms do business.

Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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