Purpose – Aims to examine the currency impact on return, risk and market correlations from the perspective of both dollar and non-dollar-based investments. Design/methodolgy/approach - Monthly data on six stock index series and exchange rates from Financial Times Sources are used, covering the...

This paper examines the role of geographic diversification, transparency, and political risk, in the determination of the value of multinational corporations (MNCs). Using alternative measures for geographic diversification, this paper finds the evidence supporting the positive effect of the...

Purpose – Aims to examine the currency impact on return, risk and market correlations from the perspective of both dollar and non‐dollar‐based investments. Design/methodology/approach – Monthly data on six stock index series and exchange rates from Financial Times Sources are used,...