12. Are MNEs Global Investments? Firms with opera- tions and assets across the globe, true MNEs, are

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12. Are MNEs Global Investments? Firms with opera- tions and assets across the globe, true MNEs, are in many ways as international in composition as the most internationally diversified portfolio of unre- lated securities. Why do investors not simply invest in MNEs traded on their local exchanges and forego the complexity of purchasing securities traded on foreign exchanges?

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Fundamentals Of Multinational Finance

ISBN: 9780321541642

3rd Edition

Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman

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