Multinational investment and the value of growth options: Alignment of incremental strategy to environmental uncertainty
Abstract
Research Summary One of the motivations for multinational firms' investment in foreign affiliates in uncertain environments is the future growth opportunities the investment may bring. We argue that whether firms derive growth option value from their multinational investment is determined by the interaction between market uncertainty and firms' incremental investment strategy. We show evidence that multinational investment creates growth option...
Paper Details
Title
Multinational investment and the value of growth options: Alignment of incremental strategy to environmental uncertainty
Published Date
Oct 31, 2018
Journal
Volume
40
Issue
1
Pages
127 - 152
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