Testing the Link Between Multinationality and the Return on Foreign Assets
Kudina, Alina, Rugman, Alan M. and Yip, George S.. (2009) Testing the Link Between Multinationality and the Return on Foreign Assets. Multinational Business Review, Vol.17 (No.3). pp. 123-142. ISSN 1525-383XFull text not available from this repository.
Official URL: http://dx.doi.org/10.1108/1525383X200900020
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.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management|
|Divisions:||Faculty of Social Sciences > Warwick Business School > Marketing & Strategic Management
Faculty of Social Sciences > Warwick Business School
|Journal or Publication Title:||Multinational Business Review|
|Publisher:||Emerald Group Publishing Ltd.|
|Number of Pages:||20|
|Page Range:||pp. 123-142|
|Access rights to Published version:||Restricted or Subscription Access|
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