haku: @author Jacque, L.L. / yhteensä: 1
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| Tekijä: | Jacque, L.L. Vaaler, P.M. |
| Otsikko: | The international control conundrum with exchange risk: An EVA framwork |
| Lehti: | Journal of International Business Studies
2001 : VOL. 32:4, p. 813-832 |
| Asiasana: | Multinational companies Subsidiary companies Exchange rates Risk Value added Shareholders Statistical methods Models |
| Kieli: | eng |
| Tiivistelmä: | Principal-agent problems between corporate parent and subsidiary operations are requently exacerbated in international settings by exchange rate fluctuations btw. the foreign subsidiary local currency and the parent multinational corporation's reference currency. A conceptual solution to this international control conundrum is developed using Economic Value Added (EVA) as the sole performance numeraire. This paper's framework facilitates assessment of foreign subsidiary performance in emerging-market countries in the presence of unexpected, exchange-related shocks. |
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