This study examined the effect of cultural differences (CD) between U.S. multinational companies (MNCs) and their foreign subsidiaries on the value of the U.S. parent companies as calculated using Tobin's Q. The findings suggested that CD had an inverse relationship with U.S. parent company firm...

This study examines the effect of cultural differences (CD) between U.S. multinational companies (MNCs) and their foreign subsidiaries on the firm value of the U.S. parent company. The study uses three different valuation models: (1) Tobin's Q, (2) Weighted Cost of Capital (WACC) and (3) Market...

This study examines the effect of cultural differences (CD) between U.S. multinational companies (MNCs) and their foreign subsidiaries on the firm value of the U.S. parent company. The study uses three different valuation models: (1) Tobin's Q; (2) Weighted Cost of Capital (WACC); and (3) Market...

The purpose of the paper is as follows: to provide case study for colleges to use in the establishing a trading room, to stress the need of a business school to obtain a database and to show the commitment of students to help on a project and to learn. Of course, the case study demonstrates the...