A review of the literature on the market valuation of multinational firms
Shahrokh M. Saudagaran
(Professor and Head, School of Accounting Arthur Andersen Alumni Centennial Professor, Oklahoma State University, Stillwater, Oklahoma 74078, USA)
847
Abstract
Summarizes three theories on the value of multinational companies: internalization, imperfect capital markets and managerial objectives (agency costs); and reviews a comprehensive selection of previous studies of the effects of multinationality and international diversification on firm value. Believes that globalization makes this an important area and suggests some avenues for further research.
Keywords
Citation
Saudagaran, S.M. (2002), "A review of the literature on the market valuation of multinational firms", Managerial Finance, Vol. 28 No. 3, pp. 5-18. https://doi.org/10.1108/03074350210767771
Publisher
:MCB UP Ltd
Copyright © 2002, MCB UP Limited