How Do Emerging Multinational Enterprises Release Subsidiary Initiatives Located in Advanced Economies?
| Autor: | Sunny Li Sun, Xiaoming Yang, Fuming Jiang |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Entrepreneurship
Strategy and Management 05 social sciences Subsidiary Context (language use) Moderation Multinational corporation 0502 economics and business 050211 marketing Business Business and International Management Institutional theory 050203 business & management Finance Industrial organization |
| Zdroj: | Journal of International Management. 27:100836 |
| ISSN: | 1075-4253 |
| Popis: | We revisit the relationship between headquarters and subsidiaries under the context of emerging multinational enterprises (EMNEs) and develop a new model for releasing the subsidiary initiative, a significant form of corporate entrepreneurship activities hosted in advanced economies. Drawing upon institutional theory and corporate entrepreneurship theory, we argue that mutual trust between headquarters and subsidiaries serves as a mediating mechanism linking formal institutional distance and subsidiary initiatives. Meanwhile, we propose that communication effectiveness between headquarter and subsidiary plays as a moderator upon such relationships. Communication between the headquarters and the subsidiary positively moderates the relationship from formal institutional distance to trust. A sample including 232 EMNEs with headquarters in China and subsidiaries in advanced economies largely support our model on subsidiary initiative. Our model provides a solution to the global integration-local responsiveness paradox. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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