MULTI NATIONALITY , SIZE, AND THE MARKET PERFORMANCE

Global Business and Finance Review

Olgun Sabin¹ 

[1] Minnesota State University Moorhead;

关键词: multinationality;    size;    market performance;    multinational enterprises;   

DOI  :  

来源: DOAJ

【 摘 要 】

This study provides empirical evidence regarding the market performance of US based Multinational Enterprises (MNEs) for the period 1992 to 1999. The results suggest that the excess returns on MNE portfolios, formed based on the degree o f multinationality, do not follow a curvilinear pattern. The risk- adjusted performance o f MNEs is also examined by using the Fama French Three Factor Model. It is found that most o f the abnormal performance is concentrated among small and medium size MNEs.

【 授权许可】

Unknown