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Investment Performance of U.S.-Based Multinational Companies: Comments and a Perspective on International Diversification of Real Assets: A Reply

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  • Azmi D Mikhail

    (Ohio University)

  • Hany A Shawky

    (State University of New York at Albany)

Abstract

In a comment [2] on our recent article [1] dealing with the stock market performance of a sample of U.S.-based multinational firms, the author reviews some interesting conceptual and empirical issues regarding the benefits of international diversification of real assets. While the author agrees generally with our findings, he contends that our results may somewhat understate the benefits of international diversification. He adds further that there exists enough evidence to suggest that investors do recognize the benefits of international diversification through investing in multinational firms.© 1980 JIBS. Journal of International Business Studies (1980) 11, 105–106

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  • Azmi D Mikhail & Hany A Shawky, 1980. "Investment Performance of U.S.-Based Multinational Companies: Comments and a Perspective on International Diversification of Real Assets: A Reply," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 11(1), pages 105-106, March.
    • Handle: RePEc:pal:jintbs:v:11:y:1980:i:1:p:105-106
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    Cited by:

    1. Colm Kearney & Frank Barry, 2005. "MNEs and Industrial Structure in Host Countries:A Mean Variance Analysis of Ireland’s Manufacturing Sector," The Institute for International Integration Studies Discussion Paper Series iiisdp023, IIIS.

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