Global market integration, efficiency orientation, and drivers of foreign subsidiary divestments

被引：10

作者：

Belderbos, Rene ^{[1
,2
,3
]}

De Michiel, Federico ^{[4
]}

Sleuwaegen, Leo ^{[1
,5
]}

Wu, Shubin ^{[6
]}

机构：

[1] Katholieke Univ Leuven, Fac Econ & Business, Dept Management Strategy & Innovat, Naamsestr 69, B-3000 Leuven, Belgium

[2] UNU MERIT, Maastricht, Netherlands

[3] Maastricht Univ, Sch Business & Econ, Dept Org Strategy & Entrepreneurship, Maastricht, Netherlands

[4] Maison Radio, Copenhagen Econ, Pl Eugene Flagey 18, BE-1050 Brussels, Belgium

[5] Vlerick Business Sch, Brussels, Belgium

[6] Univ Liverpool, Sch Management, Chatham St, Liverpool L69 7ZH, Merseyside, England

来源：

JOURNAL OF WORLD BUSINESS | 2021年 / 56卷 / 05期

基金：

中国国家自然科学基金;

关键词：

Affiliate divestment; Global industry integration; Responsiveness; Global strategy; Efficiency; JAPANESE ELECTRONICS FIRMS; JOINT VENTURES; INTERNATIONAL DIVERSIFICATION; MULTINATIONAL-CORPORATIONS; INDUSTRY GLOBALIZATION; EMPIRICAL-ANALYSIS; DIRECT-INVESTMENT; UNITED-STATES; REAL OPTIONS; STRATEGY;

D O I：

10.1016/j.jwb.2021.101228

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Differences in global market integration across industries have important repercussions for MNC strategy and the drivers of manufacturing subsidiary divestment decisions. Global industry integration and the associated competitive pressures lead MNCs to adopt cost efficiency strategies for their subsidiary networks, and subsidiary divestment decisions are strongly driven by labor cost considerations. In non-integrated industries, host country demand conditions are the prime driver of divestments. These patterns are the most salient for MNCs that have aligned their strategy with the global industry environment. Analysis of the divestment hazards of 3827 Japanese manufacturing subsidiaries in 57 countries provides support for these conjectures.

引用

页数：14

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