Downside Risk Implications of Multinationality and Real Options

Tarik Driouchi; Giuliana Battisti; David Bennett

Downside Risk Implications of Multinationality and Real Options

Tarik Driouchi, Giuliana Battisti, David Bennett

Operations & Information Management

Research output: Unpublished contribution to conference › Unpublished Conference Paper › peer-review

Abstract

This paper studies the relationship between multinationality and performance under a real options lens. Based on a cross-sectional panel of multinational corporations (MNCs) that are likely to use real options reasoning for the management of their operations, we test the impact of operating and strategic options on firms’ risk-returns parameters. Our evidence reveals that both multinationality and flexibility enhance corporate performance and reduce downside risk.

Original language	English
Publication status	Published - 2006
Event	10th Annual International Conference - New York, United States Duration: 14 Jun 2006 → 17 Jun 2006

Conference

Conference	10th Annual International Conference
Country/Territory	United States
City	New York
Period	14/06/06 → 17/06/06

Keywords

Multinationality; Real Options; Downside risk; Empirics

Cite this

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title = "Downside Risk Implications of Multinationality and Real Options",

abstract = "This paper studies the relationship between multinationality and performance under a real options lens. Based on a cross-sectional panel of multinational corporations (MNCs) that are likely to use real options reasoning for the management of their operations, we test the impact of operating and strategic options on firms{\textquoteright} risk-returns parameters. Our evidence reveals that both multinationality and flexibility enhance corporate performance and reduce downside risk.",

keywords = "Multinationality; Real Options; Downside risk; Empirics",

author = "Tarik Driouchi and Giuliana Battisti and David Bennett",

year = "2006",

language = "English",

note = "10th Annual International Conference ; Conference date: 14-06-2006 Through 17-06-2006",

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TY - CONF

T1 - Downside Risk Implications of Multinationality and Real Options

AU - Driouchi, Tarik

AU - Battisti, Giuliana

AU - Bennett, David

PY - 2006

Y1 - 2006

N2 - This paper studies the relationship between multinationality and performance under a real options lens. Based on a cross-sectional panel of multinational corporations (MNCs) that are likely to use real options reasoning for the management of their operations, we test the impact of operating and strategic options on firms’ risk-returns parameters. Our evidence reveals that both multinationality and flexibility enhance corporate performance and reduce downside risk.

AB - This paper studies the relationship between multinationality and performance under a real options lens. Based on a cross-sectional panel of multinational corporations (MNCs) that are likely to use real options reasoning for the management of their operations, we test the impact of operating and strategic options on firms’ risk-returns parameters. Our evidence reveals that both multinationality and flexibility enhance corporate performance and reduce downside risk.

KW - Multinationality; Real Options; Downside risk; Empirics

M3 - Unpublished Conference Paper

T2 - 10th Annual International Conference

Y2 - 14 June 2006 through 17 June 2006

ER -

Downside Risk Implications of Multinationality and Real Options

Abstract

Conference

Keywords

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Cite this