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Article: Multinationals FDI and uncertainty: A comment

TitleMultinationals FDI and uncertainty: A comment
Authors
KeywordsF21
F23
Foreign direct investment
Multinationals
Uncertainty
Issue Date1998
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/mulfin
Citation
Journal Of Multinational Financial Management, 1998, v. 8 n. 4, p. 451-454 How to Cite?
AbstractThis paper re-examines the model developed by Firoozi [Firoozi, F., 1997. Multinational FDI and uncertainty: an exposition. Journal of Multinational Financial Management 7, 265-273] to study foreign direct investment (FDI) by multinationals facing cost uncertainty. Firoozi shows that a mean-preserving-spread increase in cost uncertainty has an ambiguous effect on the optimal level of FDI. Contrary to his findings, we show that the FDI-uncertainty connection is de facto negative, confined to his model and under reasonable assumptions on multinationals' preferences.
Persistent Identifierhttp://hdl.handle.net/10722/85634
ISSN
2015 SCImago Journal Rankings: 0.278
References

 

DC FieldValueLanguage
dc.contributor.authorTse, MKSen_HK
dc.contributor.authorWong, KPen_HK
dc.date.accessioned2010-09-06T09:07:25Z-
dc.date.available2010-09-06T09:07:25Z-
dc.date.issued1998en_HK
dc.identifier.citationJournal Of Multinational Financial Management, 1998, v. 8 n. 4, p. 451-454en_HK
dc.identifier.issn1042-444Xen_HK
dc.identifier.urihttp://hdl.handle.net/10722/85634-
dc.description.abstractThis paper re-examines the model developed by Firoozi [Firoozi, F., 1997. Multinational FDI and uncertainty: an exposition. Journal of Multinational Financial Management 7, 265-273] to study foreign direct investment (FDI) by multinationals facing cost uncertainty. Firoozi shows that a mean-preserving-spread increase in cost uncertainty has an ambiguous effect on the optimal level of FDI. Contrary to his findings, we show that the FDI-uncertainty connection is de facto negative, confined to his model and under reasonable assumptions on multinationals' preferences.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/mulfinen_HK
dc.relation.ispartofJournal of Multinational Financial Managementen_HK
dc.rightsJournal of Multinational Financial Management. Copyright © Elsevier BV.en_HK
dc.subjectF21en_HK
dc.subjectF23en_HK
dc.subjectForeign direct investmenten_HK
dc.subjectMultinationalsen_HK
dc.subjectUncertaintyen_HK
dc.titleMultinationals FDI and uncertainty: A commenten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1042-444X&volume=8&issue=4&spage=451&epage=454&date=1998&atitle=Multinationals+FDI+and+Uncertainty:+A+Commenten_HK
dc.identifier.emailTse, MKS: ktse@hku.hken_HK
dc.identifier.emailWong, KP: kpwongc@hkucc.hku.hken_HK
dc.identifier.authorityTse, MKS=rp01101en_HK
dc.identifier.authorityWong, KP=rp01112en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/S1042-444X(98)00042-5-
dc.identifier.scopuseid_2-s2.0-0040691526en_HK
dc.identifier.hkuros41218en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0040691526&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume8en_HK
dc.identifier.issue4en_HK
dc.identifier.spage451en_HK
dc.identifier.epage454en_HK
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridTse, MKS=7103352647en_HK
dc.identifier.scopusauthoridWong, KP=7404759417en_HK

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