The Valuation of the Option to Expropriate a Multinational Enterprise's Assets.

This paper values a hostile government's option to expropriate a multinational's assets, using stochastic calculus. We assume that the exchange rate follows a geometric Brownian motion process and expropriation events are Poisson distributed through time.

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Year of publication:	1996
Authors:	Hooper, V. ; Pointon, J.
Institutions:	Research School of Pacific and Asian Studies, College of Asia and the Pacific
Subject:	TRANSNATIONAL CORPORATIONS \| INTERNATIONAL FINANCE \| FINANCIAL MARKET

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Series:	Australian National University - Department of Economics.
Type of publication:	Book / Working Paper
Notes:	8 pages
Classification:	F20 - International Factor Movements and International Business. General ; F23 - Multinational Firms; International Business ; G10 - General Financial Markets. General ; G15 - International Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005478403