Author:
Kudina Alina,Rugman Alan M.,Yip George S.
Abstract
A large and robust empirical literature demonstrates that there is a strong relationship between the performance of a multinational enterprise (MNE) and its degree of multinationality. We develop a new metric to capture the return on foreign assets (ROFA), which we use as an alternative metric to return on total assets (ROTA) as a dependent variable representing performance. We find a significant S‐shaped relation between ROFA and the degree of multinationality across a large set of UK firms.
Subject
General Business, Management and Accounting,Business and International Management
Cited by
10 articles.
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