Search results for "subsidiary"

2017

This study investigates the role of context-specific authenticity at work for work-related outcomes (intrinsic motivation, work ability) and depressivity. Furthermore reciprocal relations between work-related authenticity and healthy psychological functioning are investigated. Longitudinal data from 1,243 employees from 63 subsidiaries of a non-profit organisation in the social sector were analysed using multilevel structural equation modelling. Work-related authenticity at T1 predicted work ability and depressivity, but not intrinsic motivation at T2, about 6 months later. Work-related authenticity at T2 was predicted by intrinsic motivation and depressivity, but not by work ability at T1.…

Implementation of IFRS in Japan: An Analysis of Voluntary Adoption by Listed Firms

2019

Since 2010 Japanese listed firms can voluntarily use international financial reporting standards for their consolidated financial statements. Using financial and non-financial data, we carry out a comprehensive research into the adopters’ determinants. We employ a multi-period logit model that considers every annual decision made along the period 2010-2019. We find that the having outside networks through subsidiaries and a strong internal corporate governance system are key factors. We also confirm a contagion effect. Finally, our results suggest that goodwill is also relevant, since only Japanese accounting standards require annual amortization.

Employees’ Acceptance and Involvement in Accordance with Codes of Conduct – Chinese Business Behaviour vs. Western Compliance Management Systems

2015

Abstract More stringent anti-corruption and anti-bribery laws in the US, Europe and PR China as well as the current political anti-corruption-campaign in China force Western globally active companies to implement Code of Conducts at their subsidiaries worldwide – thus also in China. There are mixed results of existing academic research on the impact of Codes of Conduct regarding ethical behaviour of the employees in connection with these Codes. The purpose of this study is to gain a better understanding of the motivation and intention of employees to accept and act according to a local Code of Conduct. This research is conducted in a cross-cultural setting (PR China, Germany, Austria) by ta…

Foreign Direct Investment Spillovers: Evidence from the British Retail Sector

2011

This paper discusses the impact of foreign-ownership presence on the productivity performance of British-owned domestic retailers. In particular, we analyse the existence of productivity spillovers, in the form of knowledge transfer, by using establishment-level data from the Annual Respondents Database over the period 1997–2003. The results confirm the presence of such spillovers and highlight their positive and significant impact on the productivity of domestic firms, although these spillovers are mostly confined to the region in which foreign subsidiaries locate. There is also evidence that the productivity benefit from regional foreign direct investment spillovers increases with the abs…

A microeconometric analysis of the springboard subsidiary: The case of Spanish firms

2015

Abstract This paper provides a microeconometric analysis of the distinctive characteristics of springboard subsidiaries that have a positive impact on the subsidiaries’ performance. Based on panel data estimations for subsidiaries of European multinational companies with a presence in Spain, the authors found that if the subsidiary is located in the springboard country, then the performance improvement (increase in profit margin) of the subsidiary is about 49 percentage points. When the Spanish subsidiary is considered a springboard subsidiary, its performance is 7.7 percentage points higher than the performance of other subsidiaries that are not springboard subsidiaries. If the subsidiary …

Greenfield or M&A? An institutional and learning perspective on the establishment mode choice of Chinese outward investments

2020

Abstract We develop and test a model of Chinese greenfield investments using institutional and learning theories. Both the host country institutional context and the firm's international characteristics affect the establishment mode. Using 152 Chinese emerging market multinationals (EMNEs) with 401 subsidiaries distributed in 26 countries from 2003 to 2013, we build a database of 284 pairs of host country/Chinese firms to test two hypotheses. We find that, first, governance environment affects the establishment mode: greenfield investments are preferred over acquisitions in relation-based host markets, and M&As are preferred in rule-based countries. Second, the depth of Chinese EMNEs' inter…

Place des ERP dans le suivi de la performance des filiales par la maison-mère

2016

This study seeks to shed the light on the role of Enterprise Resource Planning (ERP) as a management tool adopted by multinational corporations in their monitoring of the headquarters/ subsidiary performance. We have opted for a deductive approach, focusing on multinational corporations whose subsidiaries are based in Morocco and which are endowed with the ERP tool. To meet this end, we have carried out both a qualitative and a quantitative study. Qualitatively, the six semi directive interviews conducted with the subsidiaries management fit in harmoniously with the items that figure in our questionnaire, submitted to 104 subsidiaries in the framework of a quantitative study. We have found …

The Value of Local Externalities in Country-of-Origin Clusters: Evidence from China

2019

Business cooperation and the exchange of information and knowledge are actions and decisions that firms can build in order to compete more effectively in globalized markets. These options are even more relevant for SMEs to access and expand in new international markets and through more commitment entry modes as foreign direct investment (FDI). While studies on the role of local externalities are well established in the Economic Geography literature, its international dimension is still unexplored in deep. This is surprising when the survival and growth of the subsidiaries depends on the efficient adjustment with its context. The objective of this paper is to analyse the perceptions of the r…

The role of embeddedness and top management teams on subsidiary initiative

2018

The importance of subsidiaries reaches its pick with their entrepreneurial role. Subsidiary initiatives (SI) are seen as “discrete, proactive undertaking that advances a new way for the corporation to use or expand its resources” (Birkinshaw, 2014, p. 203), which starts with the identification of an opportunity and should achieve the commitment of resources. Nonetheless, though initiatives are beneficial for the entire MNC (Bartlett & Ghoshal, 1988; Birkinshaw & Hood, 2000; Birkinshaw et al., 2005), they are not necessarily well receive by HQ but instead the MNC corporate immune system activates and initiative are rejected (Birkinshaw & Ridderstråle, 1999). This happens because initiatives …

Do we really know the predictors of competence-creating R&D subsidiaries? Uncovering the mediation of dual network embeddedness

2017

Abstract Many changes have been recorded in the R&D role played by the foreign subsidiaries of multinational corporations (MNCs), to the extent that today many are recognised as key players in the development of firm innovation-related competences. Given this trend, we examine the predictors of a subsidiary's R&D role as a competence-creating contributor to the MNC's long-term success. Traditionally, the predictors of subsidiaries' R&D roles have been sought in the specific features of the internal corporate and external host-country environments. However, we find that favourable corporate- and country-level conditions may not necessarily lead to the enhancement of a subsidiary's R&D role u…