کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1000707 937046 2007 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Hysteresis in adjusting the ownership structure of foreign subsidiaries
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Hysteresis in adjusting the ownership structure of foreign subsidiaries
چکیده انگلیسی

In this paper we study the insight that multinational companies might delay the adjustment of the ownership structure of their foreign subsidiaries despite the fact that the fundamentals call for an immediate adjustment (hysteresis). Based on company-level data, we empirically investigate the company and industry conditions that influence the strength of the hysteresis in adjusting this ownership structure. Exchange rate volatility and adjustment cost strengthen the hysteresis in ownership adjustment decisions, while the growth of sales in the foreign market weakens it.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Business Review - Volume 16, Issue 4, August 2007, Pages 494–506
نویسندگان
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