Paper title: |
Multinational Companies Real Asset Ownership and its Impact on Diversification |
Authors: |
Hwang, Eun Sun; Vicky L. Seiler and Michael J. Seiler |
Summary: |
This study examines the risk, return, and diversification impacts of U.S. based multinational companies' real assets. The results of this study show that U.S. based multinational companies do have lower betas. However, U.S. based multinational companies' cross border real asset holdings do not affect diversification and do not provide significantly higher risk-adjusted returns to stockholders. |
Type: |
normal paper |
Year of publication: |
2005 |
Series: |
ERES:conference |
Download paper: |
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Citation: |
Hwang, Eun Sun; Vicky L. Seiler and Michael J. Seiler (2005).
Multinational Companies Real Asset Ownership and its Impact on Diversification. Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society,
http://itc.scix.net/paper/eres2005_204
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