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Exploring the impact of institutional and organizational factors on the reaction of MNCs to the global financial crisis

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  • Brendan Boyle
  • Anthony McDonnell

Abstract

This paper analyses some of the factors that impact multinational companies' (MNCs) reaction to the global financial crisis. This paper reports the results from a large-scale study of its impact on MNCs in Australia, considering occurrences of site closures, offshoring, outsourcing, labour force reductions, reductions in working hours, salary reductions, and reductions in training and travel. Evidence showed that MNC reactions varied according to certain institutional and organizational effects. For example, MNCs originating from liberal-market economies are more likely to have offshored and outsourced production and reduced employment. The implications for understanding of MNC behaviour are discussed.

Suggested Citation

  • Brendan Boyle & Anthony McDonnell, 2013. "Exploring the impact of institutional and organizational factors on the reaction of MNCs to the global financial crisis," Asia Pacific Business Review, Taylor & Francis Journals, vol. 19(2), pages 247-265, April.
    • Handle: RePEc:taf:apbizr:v:19:y:2013:i:2:p:247-265
    DOI: 10.1080/13602381.2013.767639
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    References listed on IDEAS

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    1. Hall, Peter A. & Gingerich, Daniel W., 2004. "Varieties of Capitalism and Institutional Complementarities in the Macroeconomy," MPIfG Discussion Paper 04/5, Max Planck Institute for the Study of Societies.
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    Cited by:

    1. Andrea Szalavetz, 2016. "Post‐crisis developments in global value chains - example of foreign investors’ Hungarian subsidiaries," IWE Working Papers 219, Institute for World Economics - Centre for Economic and Regional Studies.

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