Purpose - This paper aims to discuss how firms make investment decisions and the impact of these decisions on firm value, considering the strategic impacts of such investments. Design/methodology/approach -Built on real options and game-theoretic models, simulations are used to find out how...

Purpose – This paper aims to discuss how firms make investment decisions and the impact of these decisions on firm value, considering the strategic impacts of such investments. Design/methodology/approach – Built on real options and game‐theoretic models, simulations are used to find out...

Explains the importance of assessing country risk to lenders and investors, outlines previous research on techniques for doing this and describes a classification method: the multi‐group hierarchical discrimination method (MHD). Applies this to 1978‐1995 data for 143 countries, subdivided...

Uses previous research on firms’ potential investment (i.e. growth) opportunities, profitability and political cost/risk to suggest that a high level of growth opportunities may encourage managers to use income reducing accruals. Tests this on 1987‐1990 data from a sample of US...

Purpose – The purpose of this paper is to examine the effect of name changes on the value of UK companies. Previous research in the USA suggests that there is little effect associated with a name change, except for a small sample of Dot Com companies. Design/methodology/approach – This study...

Purpose – The purpose of this paper is to empirically examine the benefits of international equity portfolios from the viewpoint of Polish investors. Design/methodology/approach – Eight national stock markets are included in the sample and three different portfolio forming strategies –...

Purpose -This paper aims to evaluate the risk-adjusted performance of US-based international equity funds using objective statistical measures grounded in modern portfolio theory, and to present the results in a manner which is easily understood by the average investor....