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Market expansion versus cost reduction: a financial analysis of foreign direct investment advantages for multinational enterprises

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  • He, Yan
  • Long, Fu

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  • He, Yan & Long, Fu, 2003. "Market expansion versus cost reduction: a financial analysis of foreign direct investment advantages for multinational enterprises," Japan and the World Economy, Elsevier, vol. 15(4), pages 407-417, December.
    • Handle: RePEc:eee:japwor:v:15:y:2003:i:4:p:407-417
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    References listed on IDEAS

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    1. Peter J. Buckley & Mark Casson, 1991. "The Future of the Multinational Enterprise," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-21204-0.
    2. Errunza, Vihang R & Senbet, Lemma W, 1981. "The Effects of International Operations on the Market Value of the Firm: Theory and Evidence," Journal of Finance, American Finance Association, vol. 36(2), pages 401-417, May.
    3. Fatemi, Ali M, 1984. "Shareholder Benefits from Corporate International Diversification," Journal of Finance, American Finance Association, vol. 39(5), pages 1325-1344, December.
    4. Brewer, H. L., 1981. "Investor Benefits from Corporate International Diversification," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 16(1), pages 113-126, March.
    5. Agmon, Tamir & Lessard, Donald R, 1977. "Investor Recognition of Corporate International Diversification," Journal of Finance, American Finance Association, vol. 32(4), pages 1049-1055, September.
    6. Ueng, C. Joe & Kim, Seung H. & Lee, C. Christopher, 2000. "The impact of firm's ownership advantages and economic status of destination country on the wealth effects of international joint ventures," International Review of Financial Analysis, Elsevier, vol. 9(1), pages 67-76, February.
    7. Chen, Tain-Jy & Ku, Ying-Hua, 2000. "The effect of foreign direct investment on firm growth: the case of Taiwan's manufacturers," Japan and the World Economy, Elsevier, vol. 12(2), pages 153-172, May.
    8. Haiyang Chen & Michael Y. Hu & Joseph C. P. Shieh, 1991. "The Wealth Effect of International Joint Ventures: The Case of U.S. Investment in China," Financial Management, Financial Management Association, vol. 20(4), Winter.
    9. Siripaisalpipat, Pimonwan & Hoshino, Yasuo, 2000. "Firm-specific advantages, entry modes, and performance of Japanese FDI in Thailand," Japan and the World Economy, Elsevier, vol. 12(1), pages 33-48, January.
    10. Doukas, John & Travlos, Nickolaos G, 1988. " The Effect of Corporate Multinationalism on Shareholders' Wealth: Evidence from International Acquisitions," Journal of Finance, American Finance Association, vol. 43(5), pages 1161-1175, December.
    11. Lee, Insup & Wyatt, Steve B, 1990. "The Effects of International Joint Ventures on Shareholder Wealth," The Financial Review, Eastern Finance Association, vol. 25(4), pages 641-649, November.
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    Cited by:

    1. Muhammad Shahbaz & Mohammad Mafizur Rahman, 2012. "The Dynamic of Financial Development, Imports, Foreign Direct Investment and Economic Growth: Cointegration and Causality Analysis in Pakistan," Global Business Review, International Management Institute, vol. 13(2), pages 201-219, June.

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