Multinational country risk: Exposure to asset holding risk and operating risk in international business
Document Type
Article
Publication Date
11-1-2019
Abstract
We address the phenomenon of country total risk, confounded by the risk of holding assets abroad and operating them in the foreign market. The findings point to deep differences in risk patterns as ownership of intangible assets exposes the holders to a higher risk. Indeed, the asset-specific risk is the dominant component of advance market volatility, explaining more than 80 percent of the cross-sectional variance. The model in the study accounts for the deficiencies in the related research streams and attempt to alleviate the typical problems in popular estimation methods.
DOI
https://doi.org/10.1016/j.jwb.2019.101041
Publication Information
Deligonul, Seyda (2019). "Multinational country risk: Exposure to asset holding risk and operating risk in international business." Journal of World Business 55.2, 101041-.
Please note that the Publication Information provides general citation information and may not be appropriate for your discipline. To receive help in creating a citation based on your discipline, please visit http://libguides.sjfc.edu/citations.