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作者：Reeb, DN; Kwok, CCY; Baek, HY
作者单位：American University; Worcester Polytechnic Institute; University of South Carolina System; University of South Carolina Columbia
摘要：Previous literature suggests that multinational firms decrease their systematic risk owing to the diversification benefit of having cash flows in different countries. It is posited in this article that multinational firms may increase their systematic risk owing to an increase in the standard deviation of cash flows from internationalization, which offsets the lower correlation associated with diversification. Evidence of a significant positive relationship between the level of systematic risk...
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作者：Miller, SR; Parkhe, A
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：Combining foreign direct investment theory with data on 32 countries from the Federal Reserve Board, we examined U.S. banks' patterns of foreign operations, including their levels of banking services and choice of organizational forms in host countries. Results generally supported predictions, but only in developed countries. The lack of support in rapidly growing markets of Asia and Latin America raises serious theoretical concerns, and presents fresh research opportunities into the global ba...
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作者：Kashlak, RJ; Chandran, R; Di Benedetto, CA
作者单位：Loyola University Maryland; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：Reciprocity has been identified as a messy concept to study within international cooperative ventures, Theoretically grounded in international cooperation, transaction cast theory and economic anthropology, reciprocity is operationalized and explored in this study. Specifically, the effects of cultured distance, economic nearness, country-level risk and governance mechanisms are analyzed in relationships to three distinct measure of reciprocity. The international long distance industry provide...
