| dc.description.abstract | This study, the evaluation for company value from the company Initial International diversification strategy investors give , use Ohlson (1995) basis of accounting evaluation model, proposed as the main empirical regression model analysis. District branch of the initial International diversification of investment areas, investment region classified into ＂tax haven＂ and ＂non-tax haven＂ to explore the effects of different of the company value. Finally, we explore, when the company will invest tax haven seen as to other countries (eg: China, US, etc.) springboard, investors will be what kind of reaction to this policy.
The empirical results indicated that when the company Initial International diversification, the company value will discount and significant. When the company Initial International diversification investment tax haven, investors give the company the more negative reaction, company value will discount too; When the company Initial International diversification investment non-tax haven, investors give the company the more positive reaction, thus making the company value will premium. The company will invest tax haven seen as springboard to get a better evaluation.
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