IDEAS home Printed from https://ideas.repec.org/a/eee/japwor/v15y2003i4p407-417.html
   My bibliography  Save this article

Market expansion versus cost reduction: a financial analysis of foreign direct investment advantages for multinational enterprises

Author

Listed:
  • He, Yan
  • Long, Fu

Abstract

No abstract is available for this item.

Suggested Citation

  • He, Yan & Long, Fu, 2003. "Market expansion versus cost reduction: a financial analysis of foreign direct investment advantages for multinational enterprises," Japan and the World Economy, Elsevier, vol. 15(4), pages 407-417, December.
    • Handle: RePEc:eee:japwor:v:15:y:2003:i:4:p:407-417
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0922-1425(02)00048-8
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Peter J. Buckley & Mark Casson, 1991. "The Future of the Multinational Enterprise," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-21204-0, October.
    2. Errunza, Vihang R & Senbet, Lemma W, 1981. "The Effects of International Operations on the Market Value of the Firm: Theory and Evidence," Journal of Finance, American Finance Association, vol. 36(2), pages 401-417, May.
    3. Fatemi, Ali M, 1984. "Shareholder Benefits from Corporate International Diversification," Journal of Finance, American Finance Association, vol. 39(5), pages 1325-1344, December.
    4. Brewer, H. L., 1981. "Investor Benefits from Corporate International Diversification," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 16(1), pages 113-126, March.
    5. Agmon, Tamir & Lessard, Donald R, 1977. "Investor Recognition of Corporate International Diversification," Journal of Finance, American Finance Association, vol. 32(4), pages 1049-1055, September.
    6. Ueng, C. Joe & Kim, Seung H. & Lee, C. Christopher, 2000. "The impact of firm's ownership advantages and economic status of destination country on the wealth effects of international joint ventures," International Review of Financial Analysis, Elsevier, vol. 9(1), pages 67-76, February.
    7. Chen, Tain-Jy & Ku, Ying-Hua, 2000. "The effect of foreign direct investment on firm growth: the case of Taiwan's manufacturers," Japan and the World Economy, Elsevier, vol. 12(2), pages 153-172, May.
    8. Haiyang Chen & Michael Y. Hu & Joseph C. P. Shieh, 1991. "The Wealth Effect of International Joint Ventures: The Case of U.S. Investment in China," Financial Management, Financial Management Association, vol. 20(4), Winter.
    9. Siripaisalpipat, Pimonwan & Hoshino, Yasuo, 2000. "Firm-specific advantages, entry modes, and performance of Japanese FDI in Thailand," Japan and the World Economy, Elsevier, vol. 12(1), pages 33-48, January.
    10. repec:bla:jfinan:v:43:y:1988:i:5:p:1161-75 is not listed on IDEAS
    11. Lee, Insup & Wyatt, Steve B, 1990. "The Effects of International Joint Ventures on Shareholder Wealth," The Financial Review, Eastern Finance Association, vol. 25(4), pages 641-649, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muhammad Shahbaz & Mohammad Mafizur Rahman, 2012. "The Dynamic of Financial Development, Imports, Foreign Direct Investment and Economic Growth: Cointegration and Causality Analysis in Pakistan," Global Business Review, International Management Institute, vol. 13(2), pages 201-219, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ueng, C. Joe & Kim, Seung H. & Lee, C. Christopher, 2000. "The impact of firm's ownership advantages and economic status of destination country on the wealth effects of international joint ventures," International Review of Financial Analysis, Elsevier, vol. 9(1), pages 67-76, February.
    2. Qian, Gongming, 1996. "The effect of multinationality measures upon the risk-return performance of US firms," International Business Review, Elsevier, vol. 5(3), pages 247-265, June.
    3. Lyroudi K. & Subeniotis D. & Georgopoulos N., 2002. "Foreign Direct Investment: The Case of Eastern Europe," European Research Studies Journal, European Research Studies Journal, vol. 0(3-4), pages 71-90, July-Dece.
    4. Atanas Mihov & Andy Naranjo, 2019. "Corporate internationalization, subsidiary locations, and the cost of equity capital," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(9), pages 1544-1565, December.
    5. Reid W. Click & Paul Harrison, 2000. "Does multinationality matter? Evidence of value destruction in U.S. multinational corporations," Finance and Economics Discussion Series 2000-21, Board of Governors of the Federal Reserve System (U.S.).
    6. Berrill, Jenny & Kearney, Colm, 2010. "Firm-level internationalisation and the home bias puzzle," Journal of Economics and Business, Elsevier, vol. 62(4), pages 235-256, July.
    7. Jones, Edward & Kwansa, Nana Abena & Li, Hao, 2020. "How does internationalization affect capital raising decisions? Evidence from UK firms," Journal of Multinational Financial Management, Elsevier, vol. 57.
    8. Wang, Zhimin & Ettinger, Marilyn & Xie, Yuying & Xu, Li, 2020. "The cost of capital: U.S.-based multinational corporations versus U.S. domestic corporations," Global Finance Journal, Elsevier, vol. 44(C).
    9. Christin Höge-Junge & Stefan Eckert, 2024. "Multinationality and systematic risk: a literature review and meta-analysis," Management Review Quarterly, Springer, vol. 74(1), pages 377-414, February.
    10. Meschi, Pierre-Xavier, 2004. "Valuation effect of international joint ventures: does experience matter?," International Business Review, Elsevier, vol. 13(5), pages 595-612, October.
    11. Cristina López-Duarte & Marta Vidal-Suárez, 2008. "Foreign direct investment through partial acquisitions: hostage effect or conflicts enhancement," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 12(3), pages 287-308, August.
    12. Andreas Bausch & Mario Krist, 2007. "The effect of context-related moderators on the internationalization-performance relationship: Evidence from meta-analysis," Management International Review, Springer, vol. 47(3), pages 319-347, June.
    13. Moeller, Sara B. & Schlingemann, Frederik P., 2005. "Global diversification and bidder gains: A comparison between cross-border and domestic acquisitions," Journal of Banking & Finance, Elsevier, vol. 29(3), pages 533-564, March.
    14. Jenny Berrill & Shengkai Sun, 2018. "An Investigation into the Benefits of Investing in Chinese Multinational Companies," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 17(2), pages 186-209, August.
    15. Eckert, Stefan & Dittfeld, Marcus & Muche, Thomas & Rässler, Susanne, 2010. "Does multinationality lead to value enhancement? An empirical examination of publicly listed corporations from Germany," International Business Review, Elsevier, vol. 19(6), pages 562-574, December.
    16. Müllner, Jakob, 2016. "From uncertainty to risk—A risk management framework for market entry," Journal of World Business, Elsevier, vol. 51(5), pages 800-814.
    17. Charee Kwak, 2017. "The Effect of Corporate International Diversification on Firm Risk," Discussion Papers 2017-17, Kobe University, Graduate School of Business Administration.
    18. Gleason, Kimberly C. & Mathur, Ike & Singh, Manohar, 2000. "Wealth effects for acquirers and divestors related to foreign divested assets," International Review of Financial Analysis, Elsevier, vol. 9(1), pages 5-20, February.
    19. Yong Yang & Pedro S. Martins & Nigel Driffield, 2013. "Multinational Performance and the Geography of FDI," Management International Review, Springer, vol. 53(6), pages 763-794, December.
    20. Do, Hung X. & Nguyen, Nhut H. & Nguyen, Quan M.P., 2022. "Multinationals and stock return comovement," Global Finance Journal, Elsevier, vol. 52(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:japwor:v:15:y:2003:i:4:p:407-417. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505557 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.