Gains from Corporate Multinationalism: Evidence from the China Experience

Gupta, Atul, et al

The Financial Review, 1991, vol. 26, issue 3, 387-407

Abstract: This paper examines the valuation impact of U.S. multinational corporations' expansion into the Peoples Republic of China during 1979 to 1987. The market response to the announcement of a firm's initial entry into the Peoples Republic of China is found to be positive and statistically significant, suggesting that expansion into China was a value-enhancing activity. Equity joint venture modes of entry are found to result in greater shareholder gains than nonequity expansion modes. The influence of degree of multinationality, market share, growth, and technology-related variables on the size of shareholder gains is also analyzed. Coauthors are Carl B. McGowan, Jr., Lalatendu Misra, and Agnes Missirian. Copyright 1991 by MIT Press.

Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (7)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:finrev:v:26:y:1991:i:3:p:387-407

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0732-8516

Access Statistics for this article

The Financial Review is currently edited by Cynthia J. Campbell and Arnold R. Cowan

More articles in The Financial Review from Eastern Finance Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().