Kudina, Alina; Rugman, Alan M.; Yip, George S. - In: Multinational Business Review 17 (2009) 3, pp. 123-142
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...
