Strategic Foreign Direct Investment and Exchange-Rate Uncertainty PDF Download
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Author: Hongmo Sung Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We investigate how exchange-rate uncertainty affects the foreign direct investment decision of a risk-neutral multinational firm (MNF). We assume the firm can open plants, each with decreasing average costs, in two different countries. Under certainty, the MNF would open only one plant. We demonstrate that with sufficient exchange-rate volatility, the firm can increase expected profits by opening several plants. We also show that if the MNF faces a competitor in the foreign market, the exchange risk, by inducing the MNF to open plants in both markets, may prevent entry by the local competitor.
Author: Hongmo Sung Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We investigate how exchange-rate uncertainty affects the foreign direct investment decision of a risk-neutral multinational firm (MNF). We assume the firm can open plants, each with decreasing average costs, in two different countries. Under certainty, the MNF would open only one plant. We demonstrate that with sufficient exchange-rate volatility, the firm can increase expected profits by opening several plants. We also show that if the MNF faces a competitor in the foreign market, the exchange risk, by inducing the MNF to open plants in both markets, may prevent entry by the local competitor.
Author: Masahiro Kawai Publisher: World Bank Publications ISBN: Category : Foreign exchange rates Languages : en Pages : 52
Book Description
A coordinated action by East Asian countries to stabilize their currencies against a common basket of major currencies (broadly representative of their average structure of trade and foreign direct investment) would help stabilize both intraregional exchange rates and effective exchange rates, in a way consistent with the medium-term objective of promoting trade investment and growth in the region.
Author: Robert L. A. Morsink Publisher: Edward Elgar Publishing ISBN: 9781782542667 Category : Business & Economics Languages : en Pages : 280
Book Description
This innovative book analyses the geographical patterns in foreign direct investment flows by combining elements from the theory of international production and the theory of economic geography. It develops a model for explaining why foreign direct investment is attracted to certain locations. Foreign Direct Investment and Corporate Networking will be of interest to economists working in the areas of international trade and investment, economic geographers and corporate strategy advisors as well as to policy makers from government and non-governmental organisations.
Author: Hongmo Sung
Author: Hongmo Sung
Author: David Nickerson
Author: Jeannette Capel
Author: William B. Z. Vuokson
Author: Santanu Roy
Author: Masahiro Kawai
Author: Richard S. Xiong
Author: Yu-Fu Chen
Author: Linda S. Golderg
Author: Robert L. A. Morsink