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Multinationals are Poor Tools for Diversification
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  • 2001Does Location Matter? An Empirical Analysis of Geographic Scope and MNC Market Valuation166 cited
  • 2010What is a multinational corporation? Classifying the degree of firm-level multinationality141 cited
  • 2003Internationalization and Performance: Traditional Measures and Their Decomposition128 cited
  • 2012International Diversification108 cited
  • 1995International diversification through closed-end country funds106 cited
  • 2004Target Company Cross‐border Effects in Acquisitions into the UK100 cited
  • 2016Who is internationally diversified? Evidence from the 401(k) plans of 296 firms90 cited
  • 2004Multinationals and the gains from international diversification88 cited
  • 1990The impact of international listings on risk88 cited
  • 2005Can mergers in Europe help banks hedge against macroeconomic risk?74 cited
  • 2001International Portfolio Investment: Theory, Evidence, and Institutional Framework69 cited
  • 1991The Risk-Return Attributes of International Real Estate Equities68 cited
  • 1990Japanese and U.S. cross-border common stock investments64 cited
  • 2006International Diversification at Home and Abroad62 cited

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  • 2015Diversification, cost structure, and the risk premium of multinational corporations58 cited
  • 2008Internationalization of US multinational hotel companies: Expansion to Asia versus Europe57 cited