International production diversification of multinational corporations and exchange rate uncertainty.
Item
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Title
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International production diversification of multinational corporations and exchange rate uncertainty.
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Identifier
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AAI9224845
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identifier
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9224845
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Creator
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Onuk, Muhittin Cengiz.
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Contributor
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Adviser: Yaman Asikoglu
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Date
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1992
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Language
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English
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Publisher
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City University of New York.
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Subject
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Economics, Theory | Economics, Finance
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Abstract
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Multinational Corporation producing and selling abroad is analyzed in this dissertation. Three basic versions of the model are examined and compared under different exchange rate processes. Behavior and level of exchange rate pass through effects were observed to be significantly different from the literature. Also, I found that the diversification of production in different countries contributes to the value of the firm even if international financial diversification is possible without friction. Finally, it has been shown that diversified multinational corporation stabilizes profits and magnifies the effect of exchange rate on local production and increases international transmission of business cycles.
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Type
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dissertation
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Source
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PQT Legacy CUNY.xlsx
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degree
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Ph.D.