Natural disasters and MNE internalization: Reoptimizing subsidiary governance

IF 8.9 1区管理学 Q1 BUSINESS

Journal of World Business Pub Date : 2023-02-01 DOI:10.1016/j.jwb.2022.101387

Gary Bowman , Roxane Foulser-Piggott , Paul W Beamish

引用次数: 1

Abstract

Natural disasters pose significant threats to MNEs and their subsidiaries. We evaluate the impact and temporal significance of unsystematic disasters on MNE governance decisions. Focusing on JVs and drawing upon new internalization theory, we assess the significance of parent-subsidiary characteristics and experience after a disaster. Our dataset encompasses 7,938 disaster events across 132 countries affecting 5,375 Japanese MNEs and 20,053 subsidiaries over 26 years. We demonstrate the negative impact of disasters on JV survival and observe acquisition (exit) following a disaster based on higher (lower) levels of asset specificity, relative importance, and country and disaster specific experience.

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自然灾害与跨国公司内部化：重新优化子公司治理

自然灾害对跨国公司及其子公司构成重大威胁。我们评估了非系统性灾害对跨国公司治理决策的影响和时间意义。本文以合资企业为研究对象，借鉴新的内化理论，评估了灾后母子特征和经验的重要性。我们的数据集涵盖了132个国家的7,938起灾难事件，在26年间影响了5,375家日本跨国公司和20,053家子公司。我们论证了灾害对合资企业生存的负面影响，并基于较高(较低)水平的资产特异性、相对重要性以及国家和灾害特定经验，观察了灾害后的收购(退出)。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of World Business BUSINESS-

CiteScore

16.50

自引率

11.20%

发文量

期刊介绍： The Journal of World Business holds a distinguished position as a leading publication within the realm of International Business. Rooted in a legacy dating back to 1965, when it was established as the Columbia Journal of World Business, JWB is committed to disseminating cutting-edge research that reflects significant advancements in the field. The journal actively seeks submissions that propel new theoretical frameworks and innovative perspectives on International Business phenomena. Aligned with its domain statement, submissions are expected to possess a clear multinational, cross-border, or international comparative focus, while remaining pertinent to the study of management and organizations. JWB particularly encourages submissions that challenge established theories or assumptions, presenting pioneering or counterintuitive findings. With an inclusive approach, the journal welcomes contributions from diverse conceptual and theoretical traditions, encompassing allied social sciences and behavioral sciences. Submissions should either develop new theories or rigorously test existing ones, employing a variety of qualitative, quantitative, or other methodological approaches. While JWB primarily caters to scholars and researchers, it values contributions that explore implications for Multinational Enterprises and their management, as well as ramifications for public policy and the broader societal role of business.