Risk premia in multi-national enterprises
Author
Abstract
Suggested Citation
DOI: 10.1016/j.najef.2012.06.016
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Stefan Lutz, 2012. "Risk premia in multi-national enterprises," ICER Working Papers 08-2012, ICER - International Centre for Economic Research.
- Stefan Lutz, 2012. "Risk premia in multi-national enterprises," Economics Discussion Paper Series 1216, Economics, The University of Manchester.
References listed on IDEAS
- Stefan Lutz & Daniel Kleinfeldt, 2013.
"Risk as Determinant of Income and Cross-border Pricing of Multinational Enterprises,"
Studies in Microeconomics, , vol. 1(2), pages 185-212, December.
- Stefan Lutz & Daniel Kleinfeldt, 2010. "Risk as determinant of income and cross-border pricing of multi-national enterprises," ICER Working Papers 19-2010, ICER - International Centre for Economic Research.
- Stefan Lutz & Daniel Kleinfeldt, 2010. "Risk as determinant of income and crossborder pricing of multinational enterprises," Economics Discussion Paper Series 1018, Economics, The University of Manchester.
- Fama, Eugene F., 1977. "Risk-adjusted discount rates and capital budgeting under uncertainty," Journal of Financial Economics, Elsevier, vol. 5(1), pages 3-24, August.
- William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
- Hausman, Jerry, 2015.
"Specification tests in econometrics,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
- Hausman, Jerry A, 1978. "Specification Tests in Econometrics," Econometrica, Econometric Society, vol. 46(6), pages 1251-1271, November.
- J. A. Hausman, 1976. "Specification Tests in Econometrics," Working papers 185, Massachusetts Institute of Technology (MIT), Department of Economics.
- André F. Perold, 2004. "The Capital Asset Pricing Model," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 3-24, Summer.
- Eugene F. Fama & Kenneth R. French, 2004. "The Capital Asset Pricing Model: Theory and Evidence," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 25-46, Summer.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hammoudeh, Shawkat & McAleer, Michael, 2013.
"Risk management and financial derivatives: An overview,"
The North American Journal of Economics and Finance, Elsevier, vol. 25(C), pages 109-115.
- Shawkat Hammoudeh & Michael McAleer, 2012. "Risk Management and Financial Derivatives: An Overview," Working Papers in Economics 12/10, University of Canterbury, Department of Economics and Finance.
- Shawkat Hammoudeh & Michael McAleer, 2012. "Risk Management and Financial Derivatives: An Overview," Documentos de Trabajo del ICAE 2012-08, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Michael McAleer & Shawkat Hammoudeh, 2012. "Risk Management and Financial Derivatives:An Overview," KIER Working Papers 816, Kyoto University, Institute of Economic Research.
- Hammoudeh, S.M. & McAleer, M.J., 2012. "Risk Management and Financial Derivatives: An Overview," Econometric Institute Research Papers EI 2012-14, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- Stefan Lutz, 2011.
"Simultaneous determination of market value and risk premium in the valuation of firms,"
Economics Discussion Paper Series
1120, Economics, The University of Manchester.
- Stefan Lutz, 2011. "Simultaneous determination of market value and risk premium in the valuation of firms," ICER Working Papers 15-2011, ICER - International Centre for Economic Research.
- Stefan Lutz, 2012. "Simultaneous determination of market value and risk premium in the valuation of firms," Documentos de Trabajo del ICAE 2012-25, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico, revised Oct 2012.
- Stefan Lutz & Daniel Kleinfeldt, 2013.
"Risk as Determinant of Income and Cross-border Pricing of Multinational Enterprises,"
Studies in Microeconomics, , vol. 1(2), pages 185-212, December.
- Stefan Lutz & Daniel Kleinfeldt, 2010. "Risk as determinant of income and cross-border pricing of multi-national enterprises," ICER Working Papers 19-2010, ICER - International Centre for Economic Research.
- Stefan Lutz & Daniel Kleinfeldt, 2010. "Risk as determinant of income and crossborder pricing of multinational enterprises," Economics Discussion Paper Series 1018, Economics, The University of Manchester.
- Huang, Ying Sophie & Wang, Yizhong, 2013. "Asset price, risk transfer and economic activities: Firm-level evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 26(C), pages 663-676.
- Stefan Lutz, 2012.
"Effects of taxation on European multi-nationals’ financing and profits,"
Economics Discussion Paper Series
1214, Economics, The University of Manchester.
- Stefan Lutz, 2013. "Effects of taxation on European multi-nationals’ financing and profits," Documentos de Trabajo del ICAE 2013-04, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Stefan Lutz, 2013.
"R&D, IP, and firm profits in the automotive supplier industry,"
Documentos de Trabajo del ICAE
2013-15, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Stefan Lutz, 2013. "R&D, IP, and firm profits in the automotive supplier industry," Economics Discussion Paper Series 1313, Economics, The University of Manchester.
- Lutz, Stefan, 2018. "R&D, IP, and firm profits in the North American automotive supplier industry," Working Paper Series 12, Frankfurt University of Applied Sciences, Faculty of Business and Law.
- Huang, Hung-Hsi & Wang, Ching-Ping, 2013. "Portfolio selection and portfolio frontier with background risk," The North American Journal of Economics and Finance, Elsevier, vol. 26(C), pages 177-196.
- Stefan Lutz, 2014. "Does R&D increase the profit contribution of intangible assets? An exploration of European and American automotive supplierss," Documentos de Trabajo del ICAE 2014-07, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Mina Baliamoune-Lutz & Stefan Lutz, 2017. "Financing and performance of female-owned firms in Middle Eastern and African Economies," Documentos de Trabajo del ICAE 2017-09, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Stefan Lutz, 2012.
"Effects of taxation on European multi-nationals’ financing and profits,"
Economics Discussion Paper Series
1214, Economics, The University of Manchester.
- Stefan Lutz, 2013. "Effects of taxation on European multi-nationals’ financing and profits," Documentos de Trabajo del ICAE 2013-04, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Stefan Lutz & Daniel Kleinfeldt, 2013.
"Risk as Determinant of Income and Cross-border Pricing of Multinational Enterprises,"
Studies in Microeconomics, , vol. 1(2), pages 185-212, December.
- Stefan Lutz & Daniel Kleinfeldt, 2010. "Risk as determinant of income and cross-border pricing of multi-national enterprises," ICER Working Papers 19-2010, ICER - International Centre for Economic Research.
- Stefan Lutz & Daniel Kleinfeldt, 2010. "Risk as determinant of income and crossborder pricing of multinational enterprises," Economics Discussion Paper Series 1018, Economics, The University of Manchester.
- Stefan Lutz, 2011.
"Simultaneous determination of market value and risk premium in the valuation of firms,"
ICER Working Papers
15-2011, ICER - International Centre for Economic Research.
- Stefan Lutz, 2012. "Simultaneous determination of market value and risk premium in the valuation of firms," Documentos de Trabajo del ICAE 2012-25, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico, revised Oct 2012.
- Stefan Lutz, 2011. "Simultaneous determination of market value and risk premium in the valuation of firms," Economics Discussion Paper Series 1120, Economics, The University of Manchester.
- Beaulieu, Marie-Claude & Dufour, Jean-Marie & Khalaf, Lynda, 2010. "Asset-pricing anomalies and spanning: Multivariate and multifactor tests with heavy-tailed distributions," Journal of Empirical Finance, Elsevier, vol. 17(4), pages 763-782, September.
- Kamal, Javed Bin, 2012. "Optimal portfolio selection in ex ante stock price bubble and furthermore bubble burst scenario from Dhaka stock exchange with relevance to sharpe’s single index model," MPRA Paper 60610, University Library of Munich, Germany.
- Petros Messis & Achilleas Zapranis, 2014. "Asset pricing with time-varying betas for stocks traded on S&P 500," Applied Economics, Taylor & Francis Journals, vol. 46(36), pages 4508-4518, December.
- Syed Mohammad Faisal & Ahmad Khalid Khan & Omar Abdullah Al Aboud, 2018. "Estimating Beta (¦Â) Values of Stocks in the Creation of Diversified Portfolio - A Detailed Study," Applied Economics and Finance, Redfame publishing, vol. 5(3), pages 89-99, May.
- Giovanni Catello Landi & Francesca Iandolo & Antonio Renzi & Andrea Rey, 2022. "Embedding sustainability in risk management: The impact of environmental, social, and governance ratings on corporate financial risk," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(4), pages 1096-1107, July.
- Hector O. Zapata & Supratik Mukhopadhyay, 2022. "A Bibliometric Analysis of Machine Learning Econometrics in Asset Pricing," JRFM, MDPI, vol. 15(11), pages 1-17, November.
- Ignas Gasparaviv{c}ius & Andrius Grigutis, 2024. "The Famous American Economist H. Markowitz and Mathematical Overview of his Portfolio Selection Theory," Papers 2402.10253, arXiv.org.
- Gueorgui I. Kolev, 2013. "Two gold return puzzles," Economics Bulletin, AccessEcon, vol. 33(3), pages 1762-1770.
- Albers, Christian & Lamprecht, Dirk, 2007. "Die Bewertung von Joint Ventures mit der Free Cash Flow-Methode unter besonderer Berücksichtigung kooperationsinterner Leistungsbeziehungen," Arbeitspapiere 65, University of Münster, Institute for Cooperatives.
- Xiang Lin & Martin Thomas Falk, 2022. "Nordic stock market performance of the travel and leisure industry during the first wave of Covid-19 pandemic," Tourism Economics, , vol. 28(5), pages 1240-1257, August.
- Mohamed Es-Sanoun & Jude Gohou & Mounir Benboubker, 2023. "Testing of Herd Behavior In african Stock Markets During COVID-19 Pandemic [Essai de vérification du comportement mimétique dans les marchés boursiers africains au cours de la crise de covid-19]," Post-Print hal-04144289, HAL.
- Turan G. Bali & Robert F. Engle & Yi Tang, 2017.
"Dynamic Conditional Beta Is Alive and Well in the Cross Section of Daily Stock Returns,"
Management Science, INFORMS, vol. 63(11), pages 3760-3779, November.
- Turan G. Bali & Robert F. Engle & Yi Tang, 2013. "Dynamic Conditional Beta is Alive and Well in the Cross-Section of Daily Stock Returns," Koç University-TUSIAD Economic Research Forum Working Papers 1305, Koc University-TUSIAD Economic Research Forum.
- Jozef Barun'ik & Tobias Kley, 2015. "Quantile Coherency: A General Measure for Dependence between Cyclical Economic Variables," Papers 1510.06946, arXiv.org, revised Dec 2018.
- PANAGIOTIS Anastasiadis & EFTHIMIOS Katsaros & ANASTASIOS-TAXIARCHIS KOUTSIOUKIS, 2020. "Performance-Risk Nexus Of Global Low-Rated Etfs During The Qe-Tapering Period," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(1), pages 194-211, April.
- Magni, Carlo Alberto, 2005. "Theoretical Flaws In The Use Of The Capm For Investment Decisions," MPRA Paper 6330, University Library of Munich, Germany, revised Nov 2007.
- Selahattin GURIS & Aynur PALA, 2014. "Equity Returns, Firm-Specific Characteristics and Sector Rotation: Evidence from Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 4(2), pages 264-276.
- Marcelo Bianconi & Joe Akira Yoshino, 2015.
"Empirical Estimation of the Cost of Equity: An Application to Selected Brazilian Utilities Companies,"
Review of Economics & Finance, Better Advances Press, Canada, vol. 5, pages 1-21, February.
- Marcelo Bianconi & Joe A. Yoshino, 2012. "Empirical Estimation of the Cost of Equity: An Application to Selected Brazilian Utilities Companies," Discussion Papers Series, Department of Economics, Tufts University 0765, Department of Economics, Tufts University.
More about this item
Keywords
MNE; Firm valuation; DCF; CAPM; Risk premium; Transfer pricing;All these keywords.
JEL classification:
- G0 - Financial Economics - - General
- F2 - International Economics - - International Factor Movements and International Business
- M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecofin:v:25:y:2013:i:c:p:293-305. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620163 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.