International diversification and the U.S. multinational corporation PDF Download

Author: Craig Hicklin Harrel
Publisher:
ISBN:
Category : International business enterprises
Languages : en
Pages : 128

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Author: Tamir Agmon
Publisher:
ISBN:
Category :
Languages : en
Pages : 32

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Author: William LeRoy Beedles
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 16

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Author: United States. Office of International Investment
Publisher:
ISBN:
Category : International business enterprises
Languages : en
Pages : 232

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Author: Alan M. Rugman
Publisher: Lexington, Mass. ; Toronto : Heath
ISBN:
Category : Business & Economics
Languages : en
Pages : 168

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Author: United States. Office of International Investment
Publisher:
ISBN:
Category : International business enterprises
Languages : en
Pages : 226

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Author: James R. Hines
Publisher: Brookings Institution Press
ISBN: 0815738560
Category : Business & Economics
Languages : en
Pages : 585

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Book Description
How multinationals contribute, or don't, to global prosperity Globalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all economies, both developed and developing, can prosper from globalization has been called into question by political figures and has fueled a populist backlash around the world against globalization and the corporations that made it possible. In an effort to elevate the sometimes contentious public debate over the conduct and operation of multinational corporations, this edited volume examines key questions about their role, both in their home countries and in the rest of the world where they do business. Is their multinational nature an essential driver of their profits? Do U.S. and European multinationals contribute to home country employment? Do multinational firms exploit foreign workers? How do multinationals influence foreign policy? How will the rise of the digital economy and digital trade in services affect multinationals? In addressing these and similar questions, the book also examines the role that multinational corporations play in the outcomes that policymakers care about most: economic growth, jobs, inequality, and tax fairness.

Author: Patrick F. Rowland
Publisher:
ISBN:
Category : Diversification in industry
Languages : en
Pages : 74

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One possible explanation for home bias is that investors may obtain indirect international diversification benefits by investing in multinational firms rather than by investing directly in foreign markets. This paper employs mean-variance spanning tests to examine the diversification potential of multinational firms and foreign market indices for investors domiciled in Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. We find that in most countries and most time periods, the portfolio of domestic stocks spans the risk and return opportunities of a portfolio that includes domestic and multinational stocks. However, there is weak evidence that U.S. multinationals provided global diversification benefits in the full 1984-92 sample and in the post-1987 subsample. We also find that the addition of foreign market indices to a domestic portfolio - inclusive of multinationals - provides diversification benefits. The economic importance of the shift of the portfolio frontier - measured as the utility gain from diversification - varies considerably from market to market and often reflects the benefits of large short positions in certain markets.

Author: Larry E. Swedroe
Publisher: John Wiley & Sons
ISBN: 1118005708
Category : Business & Economics
Languages : en
Pages : 208

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The final word on passive vs. active investing The debate on active investing-stock picking and market timing-versus passive investing-markets are highly efficient and almost impossible to outperform-has raged for decades. Which side is right? In The Quest for Alpha: The Holy Grail of Investing, author Larry E. Swedroe puts an end to the debate, proving once and for all that active investing is likely to prove futile as the associated expenses-costs, fees, and time spent analyzing individual stocks and the overall market-are likely to exceed any benefits gained. The book Presents research, data, and quotations that reveal it's extremely difficult to outperform the market Explains why investors should focus on asset allocation, fund construction, costs, tax efficiency, and the building of a globally diversified portfolio that minimizes, if not eliminates, the taking of idiosyncratic, uncompensated risks Other titles by Swedroe: The Only Guide to Alternative Investments You'll Ever Need and The Only Guide You'll Ever Need for the Right Financial Plan Investors are on a never-ending search for a money manager who will deliver returns above the appropriate risk-adjusted benchmark, aka the "Holy Grail of Investing." The Quest for Alpha demonstrates that it's a loser's game-while it's possible to win, it's so unlikely that you shouldn't try.

Author: Geoffrey Jones
Publisher: Psychology Press
ISBN: 0415250552
Category : Business & Economics
Languages : en
Pages : 274

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Book Description
In this volume, leading business scholars from the United States, Europe and Japan examine the experiences of a range of firms in the US. They survey British, Canadian, French, German, Spanish and Japanese firms, and span a range of sectors including automobiles, banking, electricals and steel.