The impact of geographic and business segment diversification upon Investor's perceptions of earnings of U.S. ‐ based multinational enterprises

dc.citation.epage86en_US
dc.citation.issueNumber2en_US
dc.citation.spage71en_US
dc.citation.volumeNumber1en_US
dc.contributor.authorSenteney, D. L.en_US
dc.contributor.authorSimga‐Mugan, C.en_US
dc.contributor.authorBazaz, M. S.en_US
dc.date.accessioned2019-02-01T18:52:03Z
dc.date.available2019-02-01T18:52:03Z
dc.date.issued2002en_US
dc.departmentDepartment of Managementen_US
dc.description.abstractThis study investigates how investors perceive the impact of U.S.-based MNCs geographic and business segment diversification upon their earnings performance. Pooled cross-sectional annual earnings response regressions for the years 1993 through 1997 are used for this investigation. Our results show that geographic segment diversification is valued by investors more than the business segment diversification especially in two cases: 1) when the business segmentation is low; and 2) when geographic segmentation is high. These results imply that business segment diversification is only valued when it takes place in international markets where it is relatively more difficult for individual investors to replicate industry diversified portfolio for themselves. Our research illuminates the contextual aspects of investors' perceptions of geographic and business segment diversification for multinational corporations by explicitly controlling for one dimension of corporate diversification while examining the earning-returns impact of the other type of corporate diversification.en_US
dc.identifier.doi10.1108/eb026986en_US
dc.identifier.eissn1758-7700
dc.identifier.issn1475-7702
dc.identifier.urihttp://hdl.handle.net/11693/48750
dc.language.isoEnglishen_US
dc.publisherEmerald Publishingen_US
dc.relation.isversionofhttps://doi.org/10.1108/eb026986en_US
dc.source.titleReview of Accounting and Financeen_US
dc.titleThe impact of geographic and business segment diversification upon Investor's perceptions of earnings of U.S. ‐ based multinational enterprisesen_US
dc.typeArticleen_US

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