Country Risks and the Investment Activity of U.S. Multinationals in Developing Countries /
This paper develops a simple real options model that demonstrates the role of country-specific risk and sunk costs in determining a multinational's choice between exports and foreign investment. The hypotheses from the model are tested for the distribution of capital expenditures by U.S.-owned...
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| Materyal Türü: | Dergi |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Seri Bilgileri: | IMF Working Papers; Working Paper ;
No. 1999/133 |
| Online Erişim: | Full text available on IMF |