What Causes the Divestment of Multinational Companies in China? A Subsidiary Perspective
نویسندگان
چکیده
This paper examines the causes of MNCs’ divestments in China. The MNCs’ profitability, market shares and productivities are negatively related to the possibility of divestment, while the MNCs’ debts are positively related to the possibility that foreign investments are divested. These results suggest that divestments are affected by MNCs’ performances, and their performances are endogenous shocks for divestment.
منابع مشابه
Upgrading and Subsidiary Autonomy : Experience of Hungarian Manufacturing Companies
This paper examines the patterns of subsidiary autonomy at the organizational periphery: at multinational companies’ (MNCs) manufacturing subsidiaries in Hungary. It investigates the impact of upgrading on subsidiary autonomy. Our case study-based investigation (27 in-depth interviews at 14 manufacturing subsidiaries) integrates three previously isolated lines of research: 1) subsidiary upgradi...
متن کاملStrategic Model and Structure Management of Chines Independence Automotive Companies (Case Study)
Having a full understanding of the world’s social-economic situation is the success key for industries automotive manufacturing industry is an extremely competitive one usually there is no clear guideline among automotive companies about technological causes behind their success and failure. This research provides an investigation about the world’s economic situation and the environ...
متن کاملCan locally-recruited R&D personnel significantly contribute to innovation in multinational subsidiaries in an emerging economy?
This paper assesses the role of locally-recruited R&D personnel relative to their expatriate counterparts as regards innovation in multinational subsidiariesin an emerging economy. Two hypotheses are developed based on a network approach to multinational enterprises in an emerging economy setting, and tested on a sample of 317 multinational subsidiaries in China. Our results indicate that local...
متن کاملInstitutional Influences on Manufacturing Organization in Multinational Corporations: The ‘Cherrypicking’ Approach
Research in the multinational corporation (MNC) is increasingly concerned with the alleged evolution of companies towards a more standardized and rationalized global organisation. Only recently, this field has been informed by alternative approaches generating a more differentiated picture and considering the influence of divergent national institutional contexts on the multinational organisati...
متن کامل