標題: Modeling international investment decisions for financial holding companies
作者: Trappey, Charles V.
Shih, Tsui-Yii
Trappey, Amy J. C.
管理科學系
Department of Management Science
關鍵字: market commitment;market knowledge;internationalization process model;investment decision model;integer programming;financial holding companies
公開日期: 16-Jul-2007
摘要: This research analyzes the internationalization process model developed by Johanson and Vahlne and derives two integer programming investment decision models that consider the risk attitudes of investment firms. Johanson and Vahlne's model provides a starting point for building a model that suits the investment approach and decision making process of financial holding companies. In practice, when firms make an international investment decision, there is a need for a model that can generate outputs based on financial measures such as profit, investment returns, and tolerable levels of risk. Thus, in this paper, Johanson and Vahlne's concepts are studied and financial managers are interviewed to derive models that match the investment decision procedures of the firms. The model helps firms manage the risks of their investments and derive accurate investment strategies based on investment objectives and constraints. (c) 2006 Published by Elsevier B.V.
URI: http://dx.doi.org/10.1016/j.ejor.2006.02.038
http://hdl.handle.net/11536/10556
ISSN: 0377-2217
DOI: 10.1016/j.ejor.2006.02.038
期刊: EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Volume: 180
Issue: 2
起始頁: 800
結束頁: 814
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