Multinational Capital Budgeting and Finance Decisions

摘要: The financing and capital budgeting decisions of the multinational are distorted by factors including barriers to financial flows such as exchange controls, different national tax systems, political risks, international market segmentation, foreign risks organizational structure enterprise. An abundance literature has been published in quest explain theory undergone a metamorphosis from risk reduction (Rugman 1979) internalisation (Buckley Casson 1976), where is viewed "internalising" imperfect factor markets an extent net benefits equate costs, Dunning's (1988) eclectic paradigm. aim this paper focus upon importance that taxation other play investment multinationals.