International Journal of Business and Economics Volume 4, No. 1 April​, 2005

Do Multinational Operations Influence Firm Value? Evidence from the Triad Regions

Brett Olsen

College of Business, University of Missouri at Columbia, U.S.A.

B. Elango

College of Business, Illinois State University, U.S.A.

Abstract

This paper examines the effect of multinational operations on firm value using a sample of firms from the three triad regions of the world. Using the Transnational Index (reported by the United Nations), a newer measure of multinational operations, this study helps explain some of the conflicting findings reported in the literature and highlights the importance of location of the firm as a factor in influencing the premium or discount in firm value due to multinational operations.

Keywords：multinational operations, firm value, transnational index.

JEL Classifications：F23.

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