search query: @indexterm risk sharing / total: 46
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| Author: | Reeb, D. M. Kwok, C. C. Y. Baek, H. Y. |
| Title: | Systematic risk of the multinational corporation. |
| Journal: | Journal of International Business Studies
1998 : VOL. 29:2, p. 263-279 |
| Index terms: | MULTINATIONAL COMPANIES RISK SHARING CASH FLOW |
| Language: | eng |
| Abstract: | It is posited in this study that multinational firms may increase their systematic risk owing to an increase in the standard devitation of cash flows from internationalization , which offsets the lower correlation associated with diversification. A significant positive relationship between the level of systematic risk in a firm and the degree of that firm's internationalization is presented. The analysis is consistent with observed practitioner usage of higher discount rates in evaluating international projects. |
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