Working Paper Series
What Can International Finance Add to International Strategy?
(), Trond Randoy
() and Arthur Stonehill
Abstract: This chapter focuses on the role of corporate financial
strategies to improve firmsí market valuations, and thus lower their cost
of capital. The identification of successful strategies is accomplished
within an overall strategic framework and related to how the firm perceives
the degree of international financial integration. Five strategies for how
to break out of a segmented, thin domestic capital market are highlighted
together with historical success cases. The chapter illustrates the
linkages between business strategy, firm motivation, and various financial
Keywords: Financial strategy; Corporate strategy; Global competitiveness; Cost of capital; (follow links to similar papers)
JEL-Codes: F21; F23; F36; G32; G34; (follow links to similar papers)
28 pages, November 22, 2011
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