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Multinational enterprise parent-subsidiary governance and survival

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  • Farah, Bassam
  • Chakravarty, Dwarka
  • Dau, Luis
  • Beamish, Paul W.

Abstract

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.

Suggested Citation

  • Farah, Bassam & Chakravarty, Dwarka & Dau, Luis & Beamish, Paul W., 2022. "Multinational enterprise parent-subsidiary governance and survival," Journal of World Business, Elsevier, vol. 57(2).
    • Handle: RePEc:eee:worbus:v:57:y:2022:i:2:s1090951621000821
    DOI: 10.1016/j.jwb.2021.101271
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