Within-country product diversification and foreign subsidiary performance

• 成果类型: Article
• 署名作者: Delios, Andrew; Xu, Dean; Beamish, Paul W.
• 署名单位: National University of Singapore; University of Hong Kong; Western University (University of Western Ontario); University Western Ontario Hospital
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400378
• 发表日期: 2008
• 页码: 706-724
• 关键词: within-country diversification; host-country institutions; corporate-level diversification; subsidiary performance; multinational firms; moderating effect

摘要

We examine the product diversification of a multinational firm within each of its host-country markets. Based on a sample of 12,992 foreign subsidiaries of Japanese multinational firms, we find that higher levels of within-country product diversity led to higher subsidiary performance where the institutional strength of the local market was weak, and where a firm's corporate product diversity level was high. Our study highlights the importance of examining a multinational firm's strategy in its individual host-country markets, as influenced by the institutional characteristics of a host-country market and the corporate-level strategy of the multinational firm.