Wang, Zhimin; Mathur, Ike - In: Journal of Multinational Financial Management 21 (2011) 4, pp. 191-207
We study the difference between U.S.-based multinational corporations (MNCs) and U.S. domestic corporations (DCs) in terms of management efficiency with return on capital as the measure of management efficiency. We use a fixed effect model to account for heterogeneity and/or the time-specific...