کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
10494160 940865 2012 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Governance costs in foreign direct investments: A MNC headquarters challenge
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Governance costs in foreign direct investments: A MNC headquarters challenge
چکیده انگلیسی
According to transaction cost and internalization theories of multinational enterprises, companies make foreign direct investments (FDI) when the combined costs of operations and governance are lower for FDI than for market or contract based options, such as exports and licensing. Yet, ex post governance costs remain a conjectural construct, which has evaded empirical scrutiny, and the lack of focus on the implications of these costs constitutes a challenge for management in multinational companies (MNCs). What effects does the ensuing establishment of subsidiaries abroad have in terms of governance costs? What factors drive these costs? We hypothesize that such costs are driven by external contingencies as well as factors that characterize a particular company headquarters-subsidiary relationship. Using survey data from Norwegian MNCs, this study investigates 159 MNC-subsidiary relationships. Overall, our framework is corroborated by the data.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Management - Volume 18, Issue 3, September 2012, Pages 233-246
نویسندگان
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