Exportar Publicação

A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Brito, J. B. & de Mello-Sampayo, F. (2005). The timing and probability of FDI: an application to US multinational enterprises. Applied Economics. 37 (4), 417-437
Exportar Referência (IEEE) 
J. B. Brito and F. D. Sampayo,  "The timing and probability of FDI: an application to US multinational enterprises", in Applied Economics, vol. 37, no. 4, pp. 417-437, 2005
Exportar BibTeX 
@article{brito2005_1714649977442,
	author = "Brito, J. B. and de Mello-Sampayo, F.",
	title = "The timing and probability of FDI: an application to US multinational enterprises",
	journal = "Applied Economics",
	year = "2005",
	volume = "37",
	number = "4",
	doi = "10.1080/0003684042000295313",
	pages = "417-437",
	url = "http://www.tandf.co.uk/journals"
}
Exportar RIS 
TY  - JOUR
TI  - The timing and probability of FDI: an application to US multinational enterprises
T2  - Applied Economics
VL  - 37
IS  - 4
AU  - Brito, J. B.
AU  - de Mello-Sampayo, F.
PY  - 2005
SP  - 417-437
SN  - 0003-6846
DO  - 10.1080/0003684042000295313
UR  - http://www.tandf.co.uk/journals
AB  - An 'option-pricing' model is employed to analyse the timing of FDI. Assuming that the firm's profits are determined by the attractiveness of both the home and foreign countries, and that attractiveness follows a Brownian motion, an optimal trigger value of FDI is derived. The model shows that, contrary to the NPV rule, FDI entry should be delayed the greater the uncertainty of attractiveness in both locations. Another important result is that MNEs do not regard FDI as a risk-diversification tool. The results of the model were then tested empirically with US FDI data, using labour costs as a proxy for (the reciprocal of) attractiveness. The results support the findings of the analytical model.
ER  -