The role of agency costs in explaining the superior performance of foreign MNE subsidiaries

@article{Boardman1997TheRO,
  title={The role of agency costs in explaining the superior performance of foreign MNE subsidiaries},
  author={A. Boardman and Daniel Shapiro and A. Vining},
  journal={International Business Review},
  year={1997},
  volume={6},
  pages={295-317}
}
Many studies find that foreign subsidiaries of multi-national enterprises are more profitable or more productive than firms that operate exclusively in a single domestic market or that produce in and export from a single domestic market. These differences are usually attributed to firm-specific assets. This article explores an additional explanation for the observed profitability differences: agency costs. Specifically, we suggest that MNE subsidiaries perform better than domestic corporations… Expand
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