Internationalization and the Evolution of Corporate Valuation

Internationalization and the Evolution of Corporate Valuation

By documenting the evolution of Tobin's q before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market-timing theories of internationalization. We find that Tobin's q does not rise after internationalization, even relative to domes...

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Bibliographic Details
Main Authors: Gozzi, Juan Carlos, Levine, Ross, Schmukler, Sergio L.
Format: Journal Article
Language:EN
Published: 2012
Subjects:
Multinational Firms
International Business F230
Financing Policy
Financial Risk and Risk Management
Capital and Ownership Structure G320
Mergers
Acquisitions
Restructuring
Voting
Proxy Contests
Corporate Governance G340
Online Access:http://hdl.handle.net/10986/5798

Internet

http://hdl.handle.net/10986/5798

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