The UK has been a bridge between the US and Europe, and more recently between Asia and Europe. The more trade barriers that exist between the UK and Europe, the less attractive the UK will become. In many sectors and in many regions inward investment is likely to decline.

Purpose: This paper aims to examine the relationship between foreign ownership and firm performance, using an approach which the authors show is more advanced than existing methods, and more aligned with accepted theory and conceptual frameworks developed in international business. The authors...