A simple model of corporate international investment under incomplete information and taxes

@article{Bellalah2009ASM,
  title={A simple model of corporate international investment under incomplete information and taxes},
  author={Mondher Bellalah and Zhen Wu},
  journal={Annals of Operations Research},
  year={2009},
  volume={165},
  pages={123-143}
}
Abstract This paper extends the theory of corporate international investment in Choi (J. Int. Bus. Stud. 20: 145–155, 1989) in an environment where the segmentation of international capital markets for investors or the presence of agency costs provide some independence to corporate decisions. The model shows that the real exchange risk, the competition between firms in different markets and diversification gains affect corporate international investment. By accounting for the role of… CONTINUE READING

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