The Performance and Risk Management Implications of Multinationality

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The Performance and Risk Management Implications of Multinationality

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dc.contributor.author Andersen, Torben Juul en_US
dc.date.accessioned 2009-02-04T10:27:26Z
dc.date.available 2009-02-04T10:27:26Z
dc.date.issued 2005-11-22T00:00:00Z en_US
dc.identifier.isbn 8791815126 en_US
dc.identifier.uri http://hdl.handle.net/10398/7473
dc.description.abstract Multinational enterprise in control of dispersed overseas resources and capabilities has been linked to strategic flexibility that allows the firm to take advantage of opportunities and manage exposures imposed by changing environmental conditions. This paper analyzes the implied performance and risk management effects in a comprehensive sample of public firms and finds supportive evidence for the proposition that multinationality can enhance performance across industries. However, the ability to exploit upside potential and avoid downside risk is industry specific. The positive effects of multinationality are found particularly pronounced among firms operating in knowledge intensive service industries while firms in capital-intensive primary industries display the inverse relationships. Keywords: Strategic flexibility, Real options, Risk management en_US
dc.format.extent 33 s. en_US
dc.language eng en_US
dc.relation.ispartofseries SMG Working paper;2005-010 en_US
dc.title The Performance and Risk Management Implications of Multinationality en_US
dc.type wp en_US
dc.accessionstatus modt05nov22 miel en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Center for Strategi og Globalisering en_US
dc.contributor.departmentshort SMG en_US
dc.contributor.departmentuk Center for Strategic Management and Globalization en_US
dc.contributor.departmentukshort SMG en_US
dc.idnumber 8791815126 en_US
dc.publisher.city København en_US
dc.publisher.year 2005 en_US
dc.title.subtitle An Industry Perspective en_US


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