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Author:Campa, J.
Title:Multinational investment under uncertainty in the chemical processing industries
Journal:Journal of International Business Studies
1994 : THIRD QUARTER, VOL. 25:3, p. 557-578
Index terms:CHEMICAL INDUSTRY
UNCERTAINTY
INVESTMENT
Language:eng
Abstract:This study uses a sample of chemical processing industries to evaluate the effect of two types of uncertainty on the decisions to invest in an industry. It analyses the effects of relative price uncertainty, through exchange rates and input prices, and demand uncertainty on the probability of expansion in a particular country. The study then focuses on the behavior of individual companies, and distinguishes companies by whether or not they are multinationals in the production of the product.
SCIMA record nr: 126146
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