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, the authors provide evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, they find that...

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Bibliographic Details
Main Authors: Gozzi, Juan Carlos, Levine, Ross, Schmukler, Sergio L.
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ASSETS
BONDS
BOOK VALUE
COMPANY
CORPORATE GOVERNANCE
CORPORATE VALUATIONS
CORPORATION
CORPORATIONS
COST OF CAPITAL
DEBT
DISCLOSURE
DISCLOSURE REQUIREMENTS
DOMESTIC MARKET
DOMESTIC MARKETS
EMERGING MARKETS
EQUITY CAPITAL
EXPANSION
EXPROPRIATION
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FIRM SIZE
FIRMS
FOREIGN FIRMS
GROWTH RATE
HOME MARKETS
INCOME TAXES
INFLATION
INTERNATIONAL FINANCE
INTERNATIONAL FIRMS
INTERNATIONAL INVESTORS
INTERNATIONAL MARKET
INTERNATIONAL MARKETS
INVESTMENT DECISIONS
INVESTOR PROTECTION
LATIN AMERICAN
MARKET VALUE
NASDAQ
NYSE
OFFERINGS
OTC
PRIVATE CAPITAL
PRIVATE PLACEMENT
PURCHASING
REAL GDP
SALES
SMALL FIRMS
STATEMENT
STATEMENTS
STOCK PRICES
STOCKS
VALUATION
VOLATILITY
Online Access:http://documents.worldbank.org/curated/en/2006/06/6822671/internationalization-evolution-corporate-valuation
http://hdl.handle.net/10986/8431

Internet

http://documents.worldbank.org/curated/en/2006/06/6822671/internationalization-evolution-corporate-valuation
http://hdl.handle.net/10986/8431

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