Market-seeking MNEs in an emerging market: How parent–subsidiary links shape overseas success
Market-seeking MNEs in an emerging market: How parent–subsidiary links shape overseas success
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DOI：
10.1057/palgrave.jibs.8400027
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发表时间：
2003-05
影响因子：
11.6
通讯作者：
Yadong Luo
中科院分区：
文献类型：
--
作者：
Yadong Luo
本研究扩展了对母子公司联系的研究，将新的理论视角--资源依赖和动态能力--应用于新兴市场的新的经验背景。我们认为母子公司联系有助于通过减少外部依赖来缓解新兴市场的威胁，并通过增强当地响应性来帮助利用新兴市场机会。我们确定了母子公司联系的四个维度(资源承诺、信息流、当地响应能力和控制灵活性)，并考察了这些维度在调节这些维度的贡献方面的环境影响。对中国的196家跨国公司子公司的分析表明，母公司的控制灵活性、资源承诺和地方响应性对子公司的绩效有显著的正向影响。当监管干预程度越高，这些影响就越弱，但当产业机会越丰富时，这些影响就越强。
This study extends research on parent–subsidiary links, applying new theoretical perspectives – those of resource dependence and dynamic capability – to the new empirical setting of an emerging market. We suggest that parent–subsidiary links help to mitigate emerging market threats by reducing external dependence, and help to capitalize on emerging market opportunities by enhancing local responsiveness.We identify four dimensions (resource commitment, information flow, local responsiveness and control flexibility) to parent–subsidiary links, and examine environmental effects in moderating the contribution of these dimensions. The analysis of 196 Multi National Enterprise (MNE) subsidiaries in China shows that a parent firm's control flexibility, resource commitment and local responsiveness exert a strong and positive influences on subsidiary performance. These influences are weaker when regulatory interference is higher, but stronger when industrial opportunity is richer.