Multinational enterprise parent-subsidiary governance and survival

被引：14
作者：
Farah, Bassam [1 ]
Chakravarty, Dwarka [2 ]
Dau, Luis [3 ]
Beamish, Paul W. [4 ]
机构：
[1] Amer Univ Beirut, Olayan Sch Business, Bliss St, Beirut, Lebanon
[2] San Diego State Univ, Fowler Coll Business, San Diego, CA USA
[3] Northeastern Univ, DAmore McKim Sch Business, Boston, MA USA
[4] Western Univ, Ivey Business Sch, London, ON, Canada
来源：
JOURNAL OF WORLD BUSINESS | 2022年 / 57卷 / 02期
关键词：
Agency theory; Institutional theory; Multinational enterprise parent-subsidiary; governance; Ownership; Expatriates; Regional headquarters; Host country governance quality; Survival; Performance; FOREIGN DIRECT-INVESTMENT; INSTITUTIONAL ENVIRONMENTS; PERFORMANCE PERSISTENCE; REGIONAL HEADQUARTERS; CORPORATE GOVERNANCE; ABSORPTIVE-CAPACITY; EXPATRIATE MANAGERS; KNOWLEDGE TRANSFER; TRANSACTION COSTS; PROPENSITY SCORE;
D O I：
10.1016/j.jwb.2021.101271
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate the relationship between multinational enterprise parent-subsidiary governance (MNEPSG), host country governance quality (HCGQ), and foreign subsidiary survival. We draw upon agency theory, MNEPSG literature, and institutional theory to develop a holistic conceptual model. We test our hypotheses using a large longitudinal sample of 1,711 MNEs and 13,398 subsidiaries in 63 countries from 1990-2013. We find that key MNEPSG mechanisms (Ownership, Expatriates, and Regional Headquarters) positively impact foreign subsidiary survival, whereas HCGQ negatively impacts it; and that increasing Ownership and Expatriates is more effective in high HCGQ contexts. We discuss important implications for research and practice.
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页数：17
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