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A review of the literature on the market valuation of multinational firms
16 references·1 citing·39 second hop
A review of the literature on the market valuation of multinational firms (2002)A review of the literature on the market …Earnings, Book Values, and Dividends in Equity Valuation* (1995)Earnings, Book Values, and Di…Why Investors Value Multinationality (1991)Why Investors Value Multinati…Managerial performance, Tobin's Q, and the gains from successful tender offers (1989)Managerial performance, Tobin…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…International Portfolio Choice and Corporation Finance: A Synthesis (1983)International Portfolio Choic…Inside the Multinationals: The Economics of Internal Markets (1981)Inside the Multinationals: Th…Toward an Eclectic Theory of International Production: Some Empirical Tests (1980)Toward an Eclectic Theory of …Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Journal of International Business Studies (1975)Journal of International Busi…The capital asset pricing model: Some empirical tests (1972)The capital asset pricing mod…Sovereignty at bay: The multinational spread of U. S. enterprises (1971)Sovereignty at bay: The multi…International Corporations: The Industrial Economics of Foreign Investment (1971)International Corporations: T…THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE PERFORMANCE OF MUTUAL FUN…Theory of the Firm (1966)Theory of the FirmThe Nature of the Firm (1937)The Nature of the FirmThe Modern Corporation and Private Property (1933)The Modern Corporation and Pr…Being good while being bad: social responsibility and the international diversification of US firms (2006)Being good while being bad: s…Portfolio Selection: Efficient Diversification of Investments (1959)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)An Intertemporal Capital Asset Pricing Model (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)International Investment and International Trade in the Product Cycle (1966)The Future of the Multinational Enterprise (1976)INTERNATIONAL EXPANSION THROUGH START-UP OR ACQUISITION: A LEARNING PERSPECTIVE. (1998)The eclectic paradigm as an envelope for economic and business theories of MNE activity (2000)The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership (2009)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Valuation of Uncertain Income Streams and the Pricing of Options (1976)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Capital markets research in accounting (2001)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)An Integrative Model Of Organizational Trust (1995)The Behavior of Stock-Market Prices (1965)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)A Coefficient of Agreement for Nominal Scales (1960)The Mechanism of Internationalisation (1990)Exploration and Exploitation in Organizational Learning (1991)INTERNATIONAL DIVERSIFICATION: EFFECTS ON INNOVATION AND FIRM PERFORMANCE IN PRODUCT-DIVERSIFIED FIRMS. (1997)Law and Finance (1998)Building Better Causal Theories: A Fuzzy Set Approach to Typologies in Organization Research (2011)Toward a knowledge‐based theory of the firm (1996)Dynamic capabilities and strategic management (1997)Separation of Ownership and Control (1983)Ethics, character, and authentic transformational leadership behavior (1999)Corporate Social Responsibility Theories: Mapping the Territory (2004)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)A Survey of Corporate Governance (1997)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1937The Nature of the Firm25,519 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1933The Modern Corporation and Private Property7,361 cited
  • 1968THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–19645,527 cited
  • 1995Earnings, Book Values, and Dividends in Equity Valuation*5,061 cited
  • 1980Toward an Eclectic Theory of International Production: Some Empirical Tests3,096 cited
  • 1972The capital asset pricing model: Some empirical tests2,705 cited
  • 1975Journal of International Business Studies2,456 cited
  • 1966Theory of the Firm2,325 cited
  • 1971International Corporations: The Industrial Economics of Foreign Investment2,236 cited
  • 1983International Portfolio Choice and Corporation Finance: A Synthesis1,447 cited
  • 1971Sovereignty at bay: The multinational spread of U. S. enterprises1,196 cited
  • 1991Why Investors Value Multinationality1,006 cited
  • 1981Inside the Multinationals: The Economics of Internal Markets985 cited
  • 1989

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Managerial performance, Tobin's Q, and the gains from successful tender offers
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  • 2006Being good while being bad: social responsibility and the international diversification of US firms793 cited