Multinationality as a determinant of earnings persistence

Managerial Finance

Volumn 28, Issue 3, 2002, Pages 83-96

  Riahi Belkaoui, Ahmed ^a   Alnajjar, Fouad K ^b  

^a UNIVERSITY OF ILLINOIS AT CHICAGO   (United States)

^b MI   (United States)

Author keywords

Accounting research; Multinationals; Profit; Time series analysis; USA

Indexed keywords

EID: 33750699691     PISSN: 03074358     EISSN: 17587743     Source Type: Journal    
DOI: 10.1108/03074350210767753     Document Type: Article

References (34)

1. Amit, R. and Livnat, J. (1988) “Diversification Strategies, Business Cycles and Economic Performance.” Strategic Management Journal, pp. 99-110.
2. Amit, R. and Wernerfeld, B. (1990) “Why Do Firms Reduce Business Risk?" Academy of Management Journal, pp. 520-33.
3. Baginski, S.P., Lorek, K.S., Willinger, G.L. and B.C. Branson (1999) “The Relationship between Economic Characteristics and Alternative Annual Earnings Persistence Measures.” The Accounting Review, 74, pp. 105-120.
4. Brewer, T.J. (1981) “Political Risk Assessment for Foreign Direct Investment Decisions: Better Methods for Better Results.” Columbia Journal of World Business, 16, pp. 5-13.
5. Brewer, T.J. (1983) “Political Sources of Risk in the International Money Markets: Conceptual, Methodological, and Interpretive Refinements.” Journal of International Business Studies, 19, pp. 161-164.
6. Buckley, P.J. and M.C. Casson (1998) “Models of the Multinational Enterprise.” Journal of International Business Studies, 29, pp. 21-44.
7. Collins, D. and S. Kothari (1989) “An analysis of intertemporal and cross-sectional determinants of earnings response coefficients.” Journal of Accounting and Economics, 11 (July), pp. 143-182.
8. Dunning, J.H. (1998) “Location and the Multinational Enterprise.” Journal of International Business Studies, 29, pp. 45-66.
9. Dunning, J.H. (1995) “Reappraising the Electric Paradigm in an Age of Alliance Capitalism.” Journal of International Business Studies, 26, pp. 461-492.
10. Farge, N. and L.T. Wells Jr. (1982) “Bargaining Power of Multinational and Host Governments.” Journal of International Business Studies, 13, pp. 9-23.
11. Fatemi, A.M. (1984) “Shareholder Benefits from Corporate International Diversification.” Journal of Finance, pp. 1325-1344.
12. Flavin, M. (1981) “The adjustment of consumption to changing expectations about future income.” Journal of Political Economy, 89, pp. 974-1009.
13. Gomes, L. and K. Ramaswanny (1999) “An Empirical Examination of the Form of the Relationship Between Multinationality and Performance.” Journal of International Business Studies, 30, pp. 173-188.
14. Grant, R.M. (1987) “Multinationality and Performance Among British Manufacturing Companies.” Journal of International Business Studies, pp. 79-89.
15. Hughes, J.S., Logue, D.E. and Sweeney, R. (1975) “Corporate International Diversification and Market Assigned Measures of Risk and Diversification.” Journal of Financial and Quantitative Analysis, pp. 627-637.
16. Jodia, D.A. (1989) “French in Political Risk Assessment: Prospects for the Future.” In International Political Risk Management: New Dimensions, ed. F. Ghadar and T.H. Moran. NY: Ghadar & Associates; pp. 81-95.
17. Kim, W.C., Hwang, P. and Burgers, W.P. (1989) “Global Diversification, Strategy and Corporate Profit.” Strategic Management Journal, pp. 45-57.
18. Kormendi, R. and R. Lipe (1987) “Earnings innovations, earnings persistence, and stock returns.” Journal of Business, 60, pp.323-345.
19. Lev, B. (1983) “Some economic determinants of time-series properties of earnings.” Journal of Accounting and Economics, 5, pp. 31-48.
20. McCleary, R. and R.A. Hay Jr. (1980) Applied Time-Series Analysis for the Social Sciences. Beverly Hills, CA: Sage Publications, Inc.
21. Miller, J.C. and Pras, B. (1980) “The Effects of Multinational and Export Diversification on the Profit Stability of US Corporations.” Southern Economic Journal, pp. 792-805.
22. Monti-Belkaoui, J. and Ahmed Riahi-Belkaoui (1998) The Nature, Estimation and Management of Political Risk. Westport, CT: Quorum Books.
23. Morck, R. and Yeung, B. (1991) “Why Investors Value Multinationality.” Journal of Business, pp. 165-187.
24. Ostry, Sylvia (1998) “Technology, Productivity and the Multinational Enterprise.” Journal of International Business Studies, 29, pp. 85-100.
25. Perlmutter, Howard V. (1969) “The Tortuous Evaluation of the Multinational Corporation.” Columbia Journal of World Business, 4, pp. 9-18.
26. Qian, G. (1997) “Assessing Product-Market Diversification of US Firms.” Management International Review, pp. 127-49 a.
27. Qian, G. (1997) “An Analysis of the Risk Performance of the Largest US Firms 1981-92.” Journal of Global Business, 8, pp. 45-56 b.
28. Riahi-Belkaoui, Ahmed (1999) Performance Results of Multinationality. Westport, CT: Greenwood Publishing.
29. Rugman, A.M. (1977) “International Diversification by Financial and Direct Investment.” Journal of Economics & Business, pp. 31-37.
30. Rugman, A.M. (1979) International Diversification and the Multinational Enterprise. Lexington, Mass: Health.
31. Shaked, I. (1986) “Are Multinational Corporations Safer?" Journal of International Business Studies, pp. 83-106.
32. Stopford, John M. & Louis T. Wells (1972) Managing the Multinational Enterprise. New York: Basic Books.
33. Sullivan, D. (1994) “Measuring the Degree of the Internationalization of a Firm.” Journal of International Business Studies, 25, pp. 235-342.
34. Tallman, S. and J. Li (1996) “Effects of International Diversity and Product Diversity in the Performance of Multinational Firms.” Academy of Management Journal, 39, pp. 179-96.