A multinational deciding on where to locate a foreign production facility may not be indifferent to the choice of location. Numerous variables such as production costs, market access, and local tax treatments will influence the decision as to where the plant is located. Another key variable in this decision is uncertainty. Following the work of Dixit, a firm has an option to make a risky investment, and if this investment is at least partially irreversible, the option has some positive value. As the uncertainty in the investment project increases, so too does the value of the option. When comparing two investment projects that are identical in all respects except their underlying profit volatility, the one with the greater degree of uncerta...
Foreign investment decisions of firms are often characterized by investment irreversibility, uncerta...
This thesis studies the choice between trade and foreign direct investment (FDI) with three differen...
This is a model of multinational firms, which introduces option value of foreign direct investment, ...
This paper examines the behavior of a risk-averse multinational firm (MNF) under exchange rate uncer...
The paper investigates the impact of EMU on foreign direct investment flows. Using the option value ...
When an exporting firm should exercise the option to invest abroad under exchange rate uncertainty i...
This paper examines the impact of the exchange rate uncertainty on investment under different exchan...
In this paper we analyse the impact of policy uncertainty on foreign direct investment strategies. W...
[[abstract]]Empirical evidences show that Japan-based companies moved their major operations to the ...
This is a model of multinational firms, which introduces option value of foreign direct investment, ...
The idea that adopting a single currency (i.e. suppressing nominal exchange rate variations) should ...
Recent developments in the general equilibrium theory of multinationals emphasize the importance of ...
This paper addresses how stock options impact foreign direct investments (FDIs) in international mar...
We study how the labour market and industry uncertainty affect the investment decisions of multinati...
This paper analyzes theoretically and empirically the likely impact of the reduction in exchange rat...
Foreign investment decisions of firms are often characterized by investment irreversibility, uncerta...
This thesis studies the choice between trade and foreign direct investment (FDI) with three differen...
This is a model of multinational firms, which introduces option value of foreign direct investment, ...
This paper examines the behavior of a risk-averse multinational firm (MNF) under exchange rate uncer...
The paper investigates the impact of EMU on foreign direct investment flows. Using the option value ...
When an exporting firm should exercise the option to invest abroad under exchange rate uncertainty i...
This paper examines the impact of the exchange rate uncertainty on investment under different exchan...
In this paper we analyse the impact of policy uncertainty on foreign direct investment strategies. W...
[[abstract]]Empirical evidences show that Japan-based companies moved their major operations to the ...
This is a model of multinational firms, which introduces option value of foreign direct investment, ...
The idea that adopting a single currency (i.e. suppressing nominal exchange rate variations) should ...
Recent developments in the general equilibrium theory of multinationals emphasize the importance of ...
This paper addresses how stock options impact foreign direct investments (FDIs) in international mar...
We study how the labour market and industry uncertainty affect the investment decisions of multinati...
This paper analyzes theoretically and empirically the likely impact of the reduction in exchange rat...
Foreign investment decisions of firms are often characterized by investment irreversibility, uncerta...
This thesis studies the choice between trade and foreign direct investment (FDI) with three differen...
This is a model of multinational firms, which introduces option value of foreign direct investment, ...