An Event Study Analysis of Outward Foreign Direct Investment: The Case of Greece.

Demos, A. and Filippaios, F. and Papanastassiou, M. (2004) An Event Study Analysis of Outward Foreign Direct Investment: The Case of Greece. International Journal of the Economics of Business, 11 (3). pp. 329-348. ISSN 1357-1516. (Full text available)

PDF - Accepted Version
Download (323kB) Preview
[img]
Preview
Official URL
http://dx.doi.org/10.1080/1357151042000286438

Abstract

The purpose of this article is twofold. Firstly, by applying the event study methodology, it provides detailed and updated evidence on the value generating effect of different modes of foreign direct investment (FDI) entry. Secondly, this is the first paper to empirically evaluate the impact of FDI on the stock returns of Greek firms participating in the Athens Stock Exchange (ASE). In the case of Greece, the cross-section analysis revealed that successful outward FDI projects tend to be located in developed countries, performed in a high-technology sector and linked to horizontal integration.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculties > Social Sciences > Kent Business School > International Business and Strategy
Depositing User: J. Ziya
Date Deposited: 06 Oct 2010 09:51
Last Modified: 05 Aug 2013 11:52
Resource URI: http://kar.kent.ac.uk/id/eprint/25789 (The current URI for this page, for reference purposes)
  • Depositors only (login required):

Downloads

Downloads per month over past year