Performance, Diversity, and Multiplicity of Foreign Cross-Listing Portfolios

International Business Review, Forthcoming.

Posted: 20 Apr 2010 Last revised: 3 Dec 2012

See all articles by Elitsa R. Banalieva

Elitsa R. Banalieva

Northeastern University; Northeastern University - International Business & Strategy

Christopher J. Robertson

Northeastern University - International Business & Strategy

Date Written: April 20, 2010

Abstract

We analyze an underrepresented area in the international business (IB) and finance literatures: the simultaneous effects of multinational enterprises’ (MNEs) portfolios of foreign cross-listings’ and firm performance. We build on the literatures of multinationality-performance in the IB field and foreign cross-listings in the international finance domain. We advance a theoretical framework of the simultaneous relationships among multiplicity of MNEs’ foreign cross-listings (number of foreign stock exchanges), diversity (dispersion of the host countries’ quality of institutions) of MNEs’ foreign cross-listings, and firm performance (ROA). The simultaneous equations model results based on a sample of 330 Triad MNEs during 2004-2006 provide fresh insights for future theory development and managerial practice.

Keywords: Foreign Cross-Listing Portfolios, Internationalization, Institutional Theory, MNEs

Suggested Citation

Banalieva, Elitsa R. and Robertson, Christopher J., Performance, Diversity, and Multiplicity of Foreign Cross-Listing Portfolios (April 20, 2010). International Business Review, Forthcoming.. Available at SSRN: https://ssrn.com/abstract=1593123

Elitsa R. Banalieva (Contact Author)

Northeastern University ( email )

360 Huntington Ave
315 C Hayden Hall
Boston, MA 02115
United States

Northeastern University - International Business & Strategy ( email )

Boston, MA 02115
United States

Christopher J. Robertson

Northeastern University - International Business & Strategy ( email )

Boston, MA 02115
United States

Register to save articles to
your library

Register

Paper statistics

Abstract Views
412
PlumX Metrics