As the international financial and economic context evolves and becomes increasingly globalized, the capital budgeting for multinational companies faces new challenges and needs more refined models and tools of analysis. Indeed, capital budgeting for foreign direct investments carries...

The competitive advantages of foreign direct investment can be largely dependent on location. In this study, we develop an innovative model to deal with this crucial step for any multinational involved in expanding its operations abroad. The model has a pure financial perspective and is based on...