Abstract
Price-level and exchange-rate changes compound the problems of evaluating the performance of the foreign subsidiaries of a U.S. company. If the parent firm is to evaluate subsidiary performance properly, it must recognize and account for these changes in corporate evaluation and control procedures. This can be accomplished best through a variance analysis in the budgeting process.
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*Lee H. Radebaugh received his D.B.A. from Indiana University in International Business and Accounting. He is Assistant Professor of International Business at The Pennsylvania State University and Co-Winner of the 1973 AIB Doctoral Dissertation Competition.
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Radebaugh, L. Accounting for Price-Level and Exchange-Rate Changes for U.S. International Firms: An Empirical Study. J Int Bus Stud 5, 41–55 (1974). https://doi.org/10.1057/palgrave.jibs.8490708
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DOI: https://doi.org/10.1057/palgrave.jibs.8490708