Investment Performance of U.S Based Multinational Corporations

Azmi D Mikhail and Hany A Shawky

Journal of International Business Studies, 1979, vol. 10, issue 1, 53-66

Abstract: The central question that is examined empirically is the in this paper is: Do MNC stocks perform better than average market?Data for thirty U.S.-based multinational obtained from the CRSP files of the University of Chicago are analysed at two levels: return and risk-return. Jensen's risk-adjusted measure of performance is the analytical tool employed.Findings at both levels of analysis strongly suggest that the MNC stocks do outperform the average market. This report is a part of an ongoing project and hence the findings are at best tentative. An attempt is now being made to differentiate on the basis of their business segmentation, scope of international asset mix, and other relevant dimensions that would shed additional light on the question.© 1979 JIBS. Journal of International Business Studies (1979) 10, 39–52

Date: 1979
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.palgrave-journals.com/jibs/journal/v10/n1/pdf/8490629a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/jibs/journal/v10/n1/full/8490629a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

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:pal:jintbs:v:10:y:1979:i:1:p:53-66

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41267/PS2

Access Statistics for this article

Journal of International Business Studies is currently edited by John Cantwell

More articles in Journal of International Business Studies from Palgrave Macmillan, Academy of International Business
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().