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The Valuation of the Option to Expropriate a Multinational Enterprise's Assets

Author

Listed:
  • Hooper, V.
  • Pointon, J.

Abstract

This paper values a hostile government's option to expropriate a multinational's assets, using stochastic calculus. We assume that the exchange rate follows a geometric Brownian motion process and expropriation events are Poisson distributed through time.

Suggested Citation

  • Hooper, V. & Pointon, J., 1996. "The Valuation of the Option to Expropriate a Multinational Enterprise's Assets," Papers 305, Australian National University - Department of Economics.
    • Handle: RePEc:fth:aunaec:305
    as

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    More about this item

    Keywords

    TRANSNATIONAL CORPORATIONS; INTERNATIONAL FINANCE; FINANCIAL MARKET;
    All these keywords.

    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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