Survival and profitability: The roles of experience and intangible assets in foreign subsidiary performance

• 成果类型: Article
• 署名作者: Delios, A; Beamish, PW
• 署名单位: National University of Singapore; Hong Kong University of Science & Technology; Western University (University of Western Ontario); University Western Ontario Hospital
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/3069446
• 发表日期: 2001
• 页码: 1028-1038
• 关键词: International joint ventures; JAPANESE FIRMS; diversification; entry; KNOWLEDGE; strategy; internalization; ORGANIZATION; RESOURCES; diversity

摘要

This study integrates research on the financial performance of multinational firms with research on foreign subsidiary survival. We examined the influences a firm's intangible assets and its experience have on foreign subsidiary survival and profitability using a sample of 3,080 subsidiaries of 641 Japanese firms. The results show survival and profitability have different antecedents. Host country experience has a direct effect on survival but a contingent relationship with profitability. The entry mode moderated the nature of these relationships.