Systematic Risk of the Multinational Corporation
Reeb, David M., Kwok, Chuck C. Y., Baek, H. Young
Journal of International Business Studies · 1998 · Volume 29 · Issue 2
DOI: 10.1057/palgrave.jibs.8490036
Abstract
Previous literature suggests that multinational firms decrease their systematic risk owing to the diversification benefit of having cash flows in different
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