Multinational enterprise parent-subsidiary governance and survival

被引：15

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.

引用

页数：17

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