When identifying proxy firms for a foreign project analysis,it is desirable to use _____ firms.

Question

Quizplus · Accepted Answer

It is desirable to use local proxy firms as they have a better understanding of local market conditions, cultural nuances, and regulatory environments. They can provide more accurate and reliable information about the target country and its business practices. Home country proxy firms may not have sufficient local knowledge, while emerging market or developed economy firms may not be able to provide relevant insights into the target market.

When Identifying Proxy Firms for a Foreign Project Analysis,it Is