search query: @author Mudambi, R. / total: 7
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| Author: | Mudambi, R. |
| Title: | The role of duration in multinational investment strategies. |
| Journal: | Journal of International Business Studies
1998 : VOL. 29:2, p. 239-262 |
| Index terms: | INVESTMENT MULTINATIONAL COMPANIES |
| Language: | eng |
| Abstract: | In this paper the question of whether a multinational with a longer duration of operations at a particular location is more likely to invest further is addressed after taking portfolio risk into account. A conceptual model of multinational investment strategy is developed and empirically tested using data from a survey of multinational enterprises operating in the West Midlands region of the United Kingdom. Two innovative non-parametric tests for duration dependence are applied. After normalising for portfolio considerations, it is found that multinational investment is significantly duration dependent, i.e. firms with a longer tenure of operations are significantly more likely to invest in any given period. |
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