Multinational firms' global strategies, host country indigenisation of ownership and welfare
Multinational firms' global strategies, host country indigenisation of ownership and welfare
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跨国公司的全球战略、东道国所有权和福利本土化
DOI：
10.1016/0304-3878(83)90003-2
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发表时间：
1983
影响因子：
5
通讯作者：
H. Katrak
中科院分区：
文献类型：
--
作者：
H. Katrak
本文探讨了东道国旨在将外国子公司的所有权本土化时可能产生的成本和收益。它表明，可能有一个最佳的本土化水平，超过这一水平，这些政策的边际社会成本将超过相应的好处。分析还表明，最佳本土化可能取决于子公司是自主经营还是完全由母公司控制。另一个结果是，如果子公司的股权被私人公司或个人购买，私人最优本土化水平可能高于社会最优水平。
This paper examines the costs and benefits that may arise when host countries aim to indigenise the ownership of foreign subsidiaries. It is shown that there may be an optimal level of indigenisation beyond which the marginal social costs of such policies will exceed the corresponding benefits. The analysis also shows that the optimum indigenisation may depend, among other things, on whether the subsidiary is autonomous or fully controlled by the parent company. A further result is that if the subsidiaries' equity is purchased by private firms or individuals, the privately optimum level of indigenisation is likely to be greater than the socially optimum.