This paper investigates announcement effects of the outward foreign direct investment (FDI) projects of the Korean multinational companies. Although the FDI is considered corporate activity that can provide various benefits beyond financial resources, the most previous research focused on macro analysis such as country-level and industry-level analysis instead of the firm-level study, which is required to decide the investment project from a management perspective. Thus, this study examines the relationship between the outward FDI activities of the Korean corporations and their financial performance to fill the gap in this area.

1. Introduction
2. Literature Review
3. Data Analysis and Methodology
4. Results and Discussion
5. Conclusion
Reference

• Yeana Choi(Ted Rogers School of Management, Ryerson University) First Author
• Ayşe Yüce(Department of Finance, Ted Rogers School of Management, Ryerson University) Corresponding Author