The "American Dream" is a compromise between an elitist dream and a democratic dream. While citizens enjoy equal political and legal rights, democracy is undermined in the economic sphere by vast inequalities of wealth, status and power. The American Dream can and should be transcended through a...

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...