The vast majority of the literature on performance management (PM) chooses a contextual perspective, focusing on the cross-country comparison of single elements of the PM system. Simultaneously, a conceptual basis and an encompassing comprehension of country-specifi c peculiarities are lacking. Based on a suggested conceptualization of the elements of PM (criteria, actors, methods, purposes, feedback) and hypotheses developed from an encompassing literature review, the authors present empirical fi ndings from a quantitative study including 167 managers from multinational enterprise (MNE) subsidiaries in three culturally and institutionally diverse major economies (Germany, United States, and China). Contrary to what the literature suggests about the local peculiarities of PM, the results of the present study show signifi cant country-specifi c differences in only 6 out of 16 TABLE 3 Hypotheses and Results Result Hypothesis Analysis (see Table 1 and Table 2) Final Decision 1a: Performance evaluation criteria used in China are primarily network and output oriented. M Network = 3.59 (above scale mean) M Output = 2.51, M Teamwork = 2.71, p = 0.37 1b: Performance evaluation criteria used in the United States are primarily teamwork and output oriented. M Output = 2.64, M Teamwork = 2.51, p = 0.52 M Output = 2.64, M Expertise = 2.91, p = 0.11 M Expertise = 2.91, M Teamwork = 2.51, p = 0.01 Partly 1c: Performance evaluation criteria used in Germany are primarily expertise and output oriented. M Output = 2.52, M Teamwork = 2.89, p = 0.15 M Output = 2.52, M Expertise = 2.70, p = 0.48 M Expertise = 2.70, M Teamwork = 2.89, p = 0.43 1d: The three countries do not differ in terms of the high relevance of outputoriented criteria. F 2,159 = 1.62, p = 0.20 2a: In China, performance evaluation is carried out primarily by the superior. M Supervisor = 2.04, M Others = 3.91, p < 0.001 M Supervisor = 2.04, M Self = 3.29, p < 0.001 2b: In China, appraisals by clients, subordinates, peers, and the assessed him-/ herself (360-degree feedback) are of low relevance. M Others = 3.91 (above scale mean) 2c: In China, the importance of group-and individual-focused appraisals is equally high. M Team = 2.94, M Individual = 2.31, p < 0.05 2d: In the United States, performance evaluation is carried out primarily by the superior. M Supervisor = 1.77, M Others = 4.80, p < 0.001 M Supervisor = 1.77, M Self = 3.77, p < 0.001 2e: In the United States, performance evaluation by the assessed him-/herself, clients, subordinates, and peers (360-degree feedback) is of high relevance. M Others = 4.80 (above scale mean) 2f: In the United States, appraisals are primarily individual focused. M Team = 3.34, M Individual = 1.97, p < 0.001 2g: In Germany, performance evaluation is carried out primarily by the superior. M Supervisor = 2.18, M Others = 3.60, p < 0.001 M Supervisor = 2.18, M Self = 3.09, p < 0.01 2h: In Germany, the appraisal by an assessed him-/herself, subordinates, peers, and clients (360-degree feedback) is of low relevance. M Others = 3.60...