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STOCK MARKET RECOGNITION OF MULTINATIONALITY OF A FIRM AND INTERNATIONAL EVENTS
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STOCK MARKET RECOGNITION OF MULTINATIONALITY OF A FIRM AND INTERNATIONAL EVENTS (1985)STOCK MARKET RECOGNITION OF MULTINATIONAL…International Portfolio Choice and Corporation Finance: A Synthesis (1983)International Portfolio Choic…International Equity and Bond Returns (1982)International Equity and Bond…The Effects of International Operations on the Market Value of the Firm: Theory and Evidence (1981)The Effects of International …Investor Benefits from Corporate International Diversification (1981)Investor Benefits from Corpor…Measuring security price performance (1980)Measuring security price perf…Is indirect international diversification desirable? (1980)Is indirect international div…Investment Performance of U.S.-Based Multinational Corporations (1979)Investment Performance of U.S…Multinationals are Poor Tools for Diversification (1978)Multinationals are Poor Tools…INVESTOR RECOGNITION OF CORPORATE INTERNATIONAL DIVERSIFICATION (1977)INVESTOR RECOGNITION OF CORPO…AN EMPIRICAL TEST OF THE ALTERNATIVE HYPOTHESES OF NATIONAL AND INTERNATIONAL PRICING OF RISKY ASSETS (1977)AN EMPIRICAL TEST OF THE ALTE…OPTIMAL INTERNATIONAL ACQUISITIONS (1975)OPTIMAL INTERNATIONAL ACQUISI…On the optimality of international capital market integration (1975)On the optimality of internat…Corporate International Diversification and Market Assigned Measures of Risk and Diversification (1975)Corporate International Diver…A Comparison of the Stable and Student Distributions as Statistical Models for Stock Prices (1974)A Comparison of the Stable an…Theories of the Determinants of Direct Foreign Investment (Theorie des facteurs qui determinent l'investissement etranger direct) (Teorias de los determinantes de la inversion extranjera directa) (1973)Theories of the Determinants …American Business Abroad: Six Lectures on Direct Investment (1969)American Business Abroad: Six…An Empirical Evaluation of Accounting Income Numbers (1968)International Diversification of Investment Portfolios (1970)DEBT AND TAXES* (1977)Corporate Social Responsibility and Financial Performance (1984)International Asset Pricing under Mild Segmentation: Theory and Test (1985)A three-stage theory of international expansion: the link between multinationality and performance in the service sector (2002)Portfolio Selection (1952)PORTFOLIO SELECTION* (1952)A PURE FINANCIAL RATIONALE FOR THE CONGLOMERATE MERGER (1971)Risk measurement when shares are subject to infrequent trading (1979)The eclectic paradigm as an envelope for economic and business theories of MNE activity (2000)The Bind that Ties: Socioemotional Wealth Preservation in Family Firms (2011)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)The World Price of Covariance Risk (1991)Time-Varying World Market Integration (1995)Trying to Explain Home Bias in Equities and Consumption (1999)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)INTERNATIONAL DIVERSIFICATION AND FIRM PERFORMANCE: THE S-CURVE HYPOTHESIS. (2004)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Value versus Growth: The International Evidence (1998)Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)The cost of capital, corporation finance and the theory of investment (2008)The Adjustment of Stock Prices to New Information (1969)Using daily stock returns (1985)Event Studies in Economics and Finance (1997)Introductory Econometrics for Finance (2008)International Corporations: The Industrial Economics of Foreign Investment (1971)Multinationality and Performance among British Manufacturing Companies (1987)Composition of the Top Management Team and Firm International Diversification (2000)International Diversification: Antecedents, Outcomes, and Moderators (2006)How to Rate Management of Investment Funds (2012)Why Investors Value Multinationality (1991)Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network (1994)The Institutional Dynamics of International Political Orders (1998)What Makes the World Hang Together? Neo-utilitarianism and the Social Constructivist Challenge (1998)Knowledge flows within multinational corporations (2000)A Conditionally Heteroskedastic Time Series Model for Speculative Prices and Rates of Return (1987)Empirical properties of asset returns: stylized facts and statistical issues (2001)
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References

  • 1980Measuring security price performance3,370 cited
  • 1983International Portfolio Choice and Corporation Finance: A Synthesis1,447 cited
  • 1974A Comparison of the Stable and Student Distributions as Statistical Models for Stock Prices903 cited
  • 1969American Business Abroad: Six Lectures on Direct Investment548 cited
  • 1977INVESTOR RECOGNITION OF CORPORATE INTERNATIONAL DIVERSIFICATION402 cited
  • 1981The Effects of International Operations on the Market Value of the Firm: Theory and Evidence382 cited
  • 1977AN EMPIRICAL TEST OF THE ALTERNATIVE HYPOTHESES OF NATIONAL AND INTERNATIONAL PRICING OF RISKY ASSETS276 cited
  • 1975Corporate International Diversification and Market Assigned Measures of Risk and Diversification230 cited
  • 1978Multinationals are Poor Tools for Diversification184 cited
  • 1981Investor Benefits from Corporate International Diversification160 cited
  • 1975OPTIMAL INTERNATIONAL ACQUISITIONS114 cited
  • 1973Theories of the Determinants of Direct Foreign Investment (Theorie des facteurs qui determinent l'investissement etranger direct) (Teorias de los determinantes de la inversion extranjera directa)80 cited
  • 1975On the optimality of international capital market integration75 cited
  • 1982International Equity and Bond Returns74 cited

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  • 1979Investment Performance of U.S.-Based Multinational Corporations55 cited
  • 1980Is indirect international diversification desirable?50 cited
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