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Assessing Foreign Subsidiary Performance: The Currency Choice of U.K. MNCs

Istemi S Demirag
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Istemi S Demirag: University of Sheffield

Journal of International Business Studies, 1988, vol. 19, issue 2, 257-275

Abstract: This paper examines the extent of foreign currency and/or parent company currency financial measures used by 105 U.K.-based MNCs in the process of evaluting foreign subsidiary operations and their managers' performance.The results of the empirical study indicate a preference towards the use of local currency measures and the extent of this preference tends to be greater than those found in recent similar studies of U.s.-based MNCs.© 1988 JIBS. Journal of International Business Studies (1988) 19, 257–275

Date: 1988
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