Eckert, Stefan; Trautnitz, Georg - In: Multinational Business Review 18 (2010) 4, pp. 95-113
The relationship between multinationality and value is still one of the most fundamental questions in IB research. Gande, Schenzler, and Senbet (2009) claim to have found empirical evidence for the incomplete capital markets theory (ICMT), which stipulates that investors value corporate...