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The Effects of Multinational and Export Diversification on the Profit Stability of U. S. Corporations
13 references·14 citing·35 second hop
The Effects of Multinational and Export Diversification on the Profit Stability of U. S. Corporations (1980)The Effects of Multinational and Export D…Corporate Growth and Diversification (2015)Corporate Growth and Diversif…Causes of Direct Investment: Foreign Firms' Shares in Canadian and United Kingdom Manufacturing Industries (1974)Causes of Direct Investment: …THE DETERMINANTS OF INTERNATIONAL PRODUCTION 1 (1973)THE DETERMINANTS OF INTERNATI…Firm and Industry Determinants of the Decision to Invest Abroad: An Empirical Study (1972)Firm and Industry Determinant…United States Imports and Internal Pressure of Demand: 1948-68 (1971)United States Imports and Int…Sales Stabilization Through Export Diversification (1971)Sales Stabilization Through E…SURVEY OF CAPITAL BUDGETING: THEORY AND PRACTICE (1970)SURVEY OF CAPITAL BUDGETING: …Economics and Information Theory (1969)Economics and Information The…A PORTFOLIO ANALYSIS OF CONGLOMERATE DIVERSIFICATION (1969)A PORTFOLIO ANALYSIS OF CONGL…Diversification and Integration in American Industry. (1965)Diversification and Integrati…Portfolio Selection: Efficient Diversification of Investments. (1962)Portfolio Selection: Efficien…Portfolio Selection: Efficient Diversification of Investments (1959)Portfolio Selection: Efficien…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…Determinants of Earnings Persistence and Predictability for Lodging Properties (2018)Determinants of Earnings Pers…Perspectives on Technology Transfer Strategies of Korean Companies in Point of Resource and Capability Based View (2011)Perspectives on Technology Tr…Causal analysis of the internationalization and performance relationship based on neural networks — advocating the transnational structure (2009)Causal analysis of the intern…International Diversification and Performance: Evidence from Singapore (2005)International Diversification…Intangible resources as a key factor in the internationalisation of Spanish firms (2003)Intangible resources as a key…The evidence from Canadian firms on multinational diversification and performance (2001)The evidence from Canadian fi…The Effect of International Diversification Strategy on the Performance of Spanish -- Based Firms during the Period 1991 - 1995 (1) (2001)The Effect of International D…International Diversification, Industrial Diversification and Firm Performance of Hong Kong MNCs (1998)International Diversification…The effect of multinationality measures upon the risk-return performance of US firms (1996)The effect of multinationalit…The theory and measurement of the net benefits of multinationality: the case of the international petroleum industry (1995)The theory and measurement of…Stock market views of corporate multinationalism: some evidence from announcements of international joint ventures (1993)Stock market views of corpora…PERFORMANCE EFFECTS OF THREE FOCI IN SERVICE FIRMS. (1992)PERFORMANCE EFFECTS OF THREE …Note—Developing a Global Diversification Measure (1989)Note—Developing a Global Dive…Diversification, Exchange Risk and Corporate International Investment (1989)Diversification, Exchange Ris…Barriers to New Competition (1957)International Investment and International Trade in the Product Cycle (1966)International Corporations: The Industrial Economics of Foreign Investment (1971)Determinants of Foreign Investment of U.S. Advertising Agencies (1988)Internalization (1992)DETERMINANTS OF FOREIGN DIRECT INVESTMENT – A TALE OF NINE THEORETICAL MODELS (2008)American Business Abroad: Six Lectures on Direct Investment (1969)On the determinants of direct foreign investment: Evidence from East and Southeast Asia (1993)Location, governance, and strategic determinants of japanese manufacturing investment in the united states (1994)Institutions and inflows of foreign direct investment: a fuzzy-set analysis (2008)The Nature of the Firm (1937)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Determinants of foreign direct investment: A survey (1980)Multinationality and Performance among British Manufacturing Companies (1987)New venture internationalization, strategic change, and performance: A follow-up study (1996)SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION* (1965)Equilibrium in a Capital Asset Market (1966)Toward the Development of an Equilibrium Capital-Market Model Based on Semivariance (1974)A Survey of Capital Budgeting Techniques Used by Major U.S. Firms (1977)Asset Allocation in a Downside Risk Framework (2000)Technological Accumulation, Diversification and Organisation in UK Companies, 1945–1983 (1989)The Dynamics of Evolving Markets: The Effects of Business Sales and Age on Dissolutions and Divestitures (1994)Competition in Multiple Geographic Markets: The Impact on Growth and Market Entry (2000)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Multifactor Explanations of Asset Pricing Anomalies (1996)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)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)Poverty: An Ordinal Approach to Measurement (1976)“Effective” Number of Parties (1979)Inequality and Growth in a Panel of Countries (2000)Firm Diversity: Conceptualization and Measurement (1982)Multimarket Contact and Economic Performance (1982)Power Law Scaling for a System of Interacting Units with Complex Internal Structure (1998)
this work references cited by second hop

References

  • 1959Portfolio Selection: Efficient Diversification of Investments5,535 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1962Portfolio Selection: Efficient Diversification of Investments.3,621 cited
  • 1969Economics and Information Theory2,117 cited
  • 1973THE DETERMINANTS OF INTERNATIONAL PRODUCTION 1726 cited
  • 1972Firm and Industry Determinants of the Decision to Invest Abroad: An Empirical Study450 cited
  • 1970SURVEY OF CAPITAL BUDGETING: THEORY AND PRACTICE381 cited
  • 2015Corporate Growth and Diversification356 cited
  • 1965Diversification and Integration in American Industry.308 cited
  • 1974Causes of Direct Investment: Foreign Firms' Shares in Canadian and United Kingdom Manufacturing Industries303 cited
  • 1971Sales Stabilization Through Export Diversification146 cited
  • 1969A PORTFOLIO ANALYSIS OF CONGLOMERATE DIVERSIFICATION63 cited
  • 1971United States Imports and Internal Pressure of Demand: 1948-6846 cited

Cited by

  • 2003Intangible resources as a key factor in the internationalisation of Spanish firms79 cited
  • 1992PERFORMANCE EFFECTS OF THREE FOCI IN SERVICE FIRMS.

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74 cited
  • 1996The effect of multinationality measures upon the risk-return performance of US firms69 cited
  • 1993Stock market views of corporate multinationalism: some evidence from announcements of international joint ventures65 cited
  • 2001The Effect of International Diversification Strategy on the Performance of Spanish -- Based Firms during the Period 1991 - 1995 (1)63 cited
  • 1998International Diversification, Industrial Diversification and Firm Performance of Hong Kong MNCs63 cited
  • 2005International Diversification and Performance: Evidence from Singapore61 cited
  • 1989Note—Developing a Global Diversification Measure59 cited
  • 1995The theory and measurement of the net benefits of multinationality: the case of the international petroleum industry49 cited
  • 1989Diversification, Exchange Risk and Corporate International Investment44 cited
  • 2009Causal analysis of the internationalization and performance relationship based on neural networks — advocating the transnational structure42 cited
  • 2011Perspectives on Technology Transfer Strategies of Korean Companies in Point of Resource and Capability Based View37 cited
  • 2001The evidence from Canadian firms on multinational diversification and performance36 cited
  • 2018Determinants of Earnings Persistence and Predictability for Lodging Properties31 cited