Multinational Enterprises and Tobin´s q: The Implications for Foreign Direct Investment

Dionysios Chionis

International Journal of Applied Econometrics and Quantitative Studies, 2004, vol. 1, issue 2, 121-130

Abstract: This paper constructs a theoretical model of investment decision abroad supporting the idea that the Multinational Enterprises’ internalization decision is influenced by the capital installation cost. This modification alters MNE’s investment behavior. Using the idea that capital mobility across countries is associated with the capital installation cost then the firm’s maximization problem may also incorporate the Tobin’s q in a modified fashion.

Keywords: Multinational Enterprises; Foreign Direct Investment; Tobin’s q. (search for similar items in EconPapers)
JEL-codes: F13 F21 F23 (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.usc.es/economet/reviews/ijaeqs126.pdf
No

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:eaa:ijaeqs:v:1:y2004:i:1_12

Ordering information: This journal article can be ordered from
http://www.usc.es/economet/info.htm

Access Statistics for this article

More articles in International Journal of Applied Econometrics and Quantitative Studies from Euro-American Association of Economic Development
Bibliographic data for series maintained by M. Carmen Guisan ().