The papers in this volume of International Finance Review provide a reflection on the role of international finance - and its relationship to strategy, economics, political science and public policy - in examining value creation in multinational enterprise. These are 22 original papers submitted...

An important issue in global corporate risk management is whether the multinationality of a firm matters in terms of its effect on exchange risk exposure. In this paper, we examine the exchange risk exposure of U.S. firms during 1983-2006, comparing multinational and non-multinational firms and...