The Timing of FDI Under Uncertainty: An Application to the US Multinational Enterprises
An 'option-pricing' model is employed to analyse when a firm should expand its production capabilities abroad. In a framework where the firm's profit are determined by some average of the attractiveness of the home and foreign countries, and attractiveness in each country follow differentiated Brownian motions, this paper derives an optimal trigger value for FDI.
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|Date of creation:||2001|
|Contact details of provider:|| Postal: Edgbaston, Birmingham, B15 2TT|
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