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| Author: | Doukas, J. Lang, L. |
| Title: | Foreign direct investment, diversification and firm performance |
| Journal: | Journal of International Business Studies
2003 : VOL 34:2, p. 153-172 |
| Index terms: | COMPANIES FOREIGN EXCHANGE MARKET SHAREHOLDER VALUE |
| Language: | eng |
| Abstract: | This article examines geographic diversification and its effect to shareholder value. According to the authors of this article, geographic diversification improves companies long-term performance in situation when a company engage in core-related foreign direct investments. Foreign direct investments outside the core business of the firm means a loss in shareholder value. Core-related foreign direct investments increase value of the company. |
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