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| Volume 4, No. 1,
April 2005
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Do Multinational
Operations Influence Firm Value? Evidence from the Triad Regions |
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| Brett
Olsen |
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College of Business, University of Missouri at Columbia, U.S.A. |
| B. Elango |
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College of Business, Illinois State University, U.S.A. |
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| Abstract |
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This paper examines the effect of
multinational operations on firm value using a sample of firms from
the three triad regions of the world. Using the Transnational Index
(reported by the United Nations), a newer measure of multinational
operations, this study helps explain some of the conflicting
findings reported in the literature and highlights the importance of
location of the firm as a factor in influencing the premium or
discount in firm value due to multinational operations. |
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Key words:
multinational operations; firm value; transnational index |
| JEL
classification:
F23 |
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