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Persistent link: https://www.econbiz.de/10008704638
Disasters keep damaging infrastructure, disrupting supply chains and affecting firm profitability. There is an urgent need for better understanding of disaster impact on supply chains but very few publications address this issue. This exploratory study takes an indirect approach and investigates...
Persistent link: https://www.econbiz.de/10013128439
•Natural disasters are major causes of uncertainty. Based on traditional international business and finance theories, we re-examine the relationship between risk and internationalization. We find evidence that diversification helps reduce risk.•We introduce natural disasters to mainstream...
Persistent link: https://www.econbiz.de/10013129052
Persistent link: https://www.econbiz.de/10009737661
Portfolio theory suggests that because of diversification benefits, multinational corporations (MNCs) should have lower risk and therefore could have more debt. Empirical studies, however, have repeatedly shown that MNCs from the US face higher risks and have lower debt levels. Burgman (1996)...
Persistent link: https://www.econbiz.de/10008869367
This study examines the determinants and implications of nonprofit cash holdings. Based on agency theory and traditional literature of cash holdings, the author develop and test a number of predictions about nonprofit cash holdings. Several important findings can be highlighted. Nonprofit cash...
Persistent link: https://www.econbiz.de/10009372011
We examine the relations between national cultures, the multinationality of the firm and its holdings of cash. We develop several hypotheses from well known corporate finance theories and theories of the multinational firm, positing that cultural factors as well as the degree of multinationality...
Persistent link: https://www.econbiz.de/10009476904
We examine the relations between national cultures, the multinationality of the firm and its holdings of cash. We develop several hypotheses from well known corporate finance theories and theories of the multinational firm, positing that cultural factors as well as the degree of multinationality...
Persistent link: https://www.econbiz.de/10005652504
Persistent link: https://www.econbiz.de/10003826339
Persistent link: https://www.econbiz.de/10003393522