تنوع بخشی بین المللی: مصون سازی تأثیرات غامض، ارزیابی و اثرات هزینه سرمایه

This introduction highlights the six papers competitively selected from papers presented at the 2003 Annual Conference of the Midwest Finance Association. This special issue deals broadly with the issues of diversification in an international setting. All the papers have a common thread. The firms that are analyzed are diversified along geographic (international) and/or industrial lines. They are involved in international business either through international acquisitions or (i) they have existing foreign currency debt or (ii) they align their foreign asset base with that of their foreign sales. Some of the firms in the studies covered cross-list their stock internationally to increase firm value. Others use international debt to reduce their cost of capital.