Multinational Business Review: Volume 17 Issue 3

Multinationality as a Moderator of National Institutions: The Case of Culture and Capital Structure Decisions

Andres Ramirez, Chuck Kwok

Literature in international business and finance share the belief that country‐level institutions affect the decisions of corporations. In this study, we highlight the other side…

An Empirical Analysis of the Impact of Corporate Transparency On Foreign Direct Investment

Belay Seyoum

This study tests for the relation between corporate transparency and foreign direct investment (FDI) using a sample of 118 countries. The study also develops a set of indicators…

Bank Loan Pricing in the Asia‐Pacific Region

Tosporn Chotigeat, Maretno A. Harjoto, Ha‐Chin Yi

This study examines bank practices of corporate loan pricing in the Asia‐Pacific region. We find that the all‐in‐spread for loans (mostly term loans with longer maturities) in the…

Challenges to Modern Consumer Segmentation in a Changing World: The Need for a Second Step

Lyn S. Amine, J. Alexander Smith

We re‐evaluate modern segmentation assumptions and methods by referencing several postmodern characteristics of consumers in global markets. Drawing on contributions from…

Validation of Moving Average Trading Rules: Evidence From Hong Kong, Singapore, South Korea, Taiwan

Massoud Metghalchi, Jianjun Du, Yixi Ning

This paper tests two moving average technical trading rules for four Asian markets. Our results indicate that moving average rules do indeed have predictive power and can discern…

Testing the Link Between Multinationality and the Return on Foreign Assets

Alina Kudina, Alan M. Rugman, George S. Yip

A large and robust empirical literature demonstrates that there is a strong relationship between the performance of a multinational enterprise (MNE) and its degree of…

Organizational Efficiency, Firm Capabilities, and Economic Organization of MNEs

Peter Hwang, Ajai S. Gaur

We argue that multinational enterprises (MNEs) not only strive to minimize transaction costs but also attempt to maximize transaction values when interacting with local firms in…

SOX as Safeguard and Signal: The Impact of The Sarbanes‐Oxley Act of 2002 on US Corporations’ Choice to List Abroad

W. Scott Sherman, Valrie Chambers

Corporate scandals at Enron, Tyco, and MCI highlight the issue of opportunistic management behavior. The US Congress responded to these scandals by passing the Sarbanes‐Oxley Act…

Foreign Direct Investment and Evaluation of Country Risk: an Empirical Investigation

Jayaraman Vijayakumar, Abdul A. Rasheed, Rasoul H. Tondkar

This paper investigates the extent to which country risk ratings influence the inflow of foreign direct investment (FDI). Using International Monetary Fund (IMF) data from over…

European Economic Integration and Stock Market Co‐Movement with Germany

Robert Johnson, Luc Soenen

Using daily returns from 1980‐2006, we find a significant contemporaneous association between all European Union (EU) equity markets and Germany. There is, however, no significant…