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Internalization : An event study test
dc.contributor.authorMorck, Randall K.en_US
dc.contributor.authorYeung, Bernarden_US
dc.date.accessioned2006-04-10T15:07:40Z
dc.date.available2006-04-10T15:07:40Z
dc.date.issued1992-08en_US
dc.identifier.citationMorck, Randall, Yeung, Bernard (1992/08)."Internalization : An event study test." Journal of International Economics 33(1-2): 41-56. <http://hdl.handle.net/2027.42/29911>en_US
dc.identifier.urihttp://www.sciencedirect.com/science/article/B6V6D-45N4M59-4/2/3ea65eb76c253ae0c54d5a66dff26d4ben_US
dc.identifier.urihttps://hdl.handle.net/2027.42/29911
dc.description.abstractThe internalization theory of multinational firms proposes that direct international investment occurs when a firm has information-related intangible assets with public good properties. We find that firms with characteristics suggesting the presence of information-based assets experience a significantly positive stock price reaction upon announcing a foreign acquisition. On the other hand, firms apparently lacking such assets experience at best zero abnormal returns upon announcing overseas acquisitions.en_US
dc.format.extent1212036 bytes
dc.format.extent3118 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.language.isoen_US
dc.publisherElsevieren_US
dc.titleInternalization : An event study testen_US
dc.typeArticleen_US
dc.rights.robotsIndexNoFollowen_US
dc.subject.hlbsecondlevelAmerican and Canadian Studiesen_US
dc.subject.hlbtoplevelSocial Sciencesen_US
dc.subject.hlbtoplevelHumanitiesen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumSchool of Business Administration, University of Michigan, Ann Arbor, MI 48109, USAen_US
dc.contributor.affiliationotherFaculty of Business, University of Alberta, Edmonton, Alberta T6G 2R6, Canadaen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/29911/1/0000268.pdfen_US
dc.identifier.doihttp://dx.doi.org/10.1016/0022-1996(92)90049-Pen_US
dc.identifier.sourceJournal of International Economicsen_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


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