Internationalization and Firm Risk: An Upstream-Downstream Hypothesis

被引：0
|
作者：
Chuck C. Y. Kwok
David M. Reeb
机构：
[1] University of South Carolina,
[2] American University,undefined
来源：
Journal of International Business Studies | 2000年 / 31卷
关键词：
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Corporate international diversification theory posits that multinational corporations (MNCs) should have lower risk and higher financial leverage than purely domestic corporations (DCs). We suggest an alternative upstream-downstream hypothesis according to which the overall effect of internationalization on the risk and leverage of MNCs is expected to vary with home and target market conditions. The empirical results are consistent with the suggested hypothesis.
引用
收藏
页码：611 / 629
页数：18
相关论文
共 50 条
  • [21] Link channels or how to enhance upstream-downstream relations in servitized contexts
    Bustinza-Sanchez, Oscar F.
    Parry, Glenn
    Vendrell-Herrero, Ferran
    Myrthianos, Vasileios
    [J]. DYNA, 2015, 90 (06): : 588 - 589
  • [22] UPSTREAM-DOWNSTREAM MOVEMENTS OF AQUATIC INVERTEBRATES IN A ROCKY-MOUNTAIN STREAM
    BERGEY, EA
    WARD, JV
    [J]. HYDROBIOLOGIA, 1989, 185 (01) : 71 - 82
  • [23] A firm-level analysis of the upstream-downstream dichotomy in the oil-stock nexus (vol 37, pg 199, 2018)
    不详
    [J]. GLOBAL FINANCE JOURNAL, 2022, 52
  • [24] Balancing upstream-downstream interests in flood risk management: experiences from a catchment-based approach in Austria
    Seher, W.
    Loeschner, L.
    [J]. JOURNAL OF FLOOD RISK MANAGEMENT, 2018, 11 (01): : 56 - 65
  • [25] An index-based approach for assessment of upstream-downstream flow regime alteration
    Haghighi, Ali Torabi
    Yaraghi, Navid
    Sonmez, Mehmet Emin
    Darabi, Hamid
    Kum, Gulsen
    Celebi, Ahmet
    Klove, Bjorn
    [J]. JOURNAL OF HYDROLOGY, 2021, 600
  • [26] Upstream-Downstream Asymmetry in Multiscale Interaction Underlying the Northern Hemisphere Atmospheric Blockings
    Ma, Jiwang
    Liang, X. San
    [J]. JOURNAL OF THE ATMOSPHERIC SCIENCES, 2023, 80 (08) : 1995 - 2011
  • [27] Upstream-downstream asymmetries of drought impacts in major river basins of the European Alps
    Dahlmann, Heindriken
    Stephan, Ruth
    Stahl, Kerstin
    [J]. FRONTIERS IN WATER, 2022, 4
  • [28] Upstream-downstream: CD28 cosignaling pathways and T cell function
    Rudd, CE
    [J]. IMMUNITY, 1996, 4 (06) : 527 - 534
  • [29] Comparing latitudinal and upstream-downstream gradients: life history traits of invasive mosquitofish
    Carmona-Catot, Gerard
    Benito, Josep
    Garcia-Berthou, Emili
    [J]. DIVERSITY AND DISTRIBUTIONS, 2011, 17 (02) : 214 - 224
  • [30] Are we scorpions? The role of upstream-downstream dialogue in fostering cooperation in the Nile Basin
    Mason, SA
    [J]. MOUNTAIN RESEARCH AND DEVELOPMENT, 2005, 25 (02) : 115 - 120
12345