跨国公司子公司陷入政治危机:以莫桑比克为例

IF 2.2 Q3 BUSINESS
Emiliano Finocchi, Susan M. Mudambi, Jennifer Oetzel, Susan Feinberg
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引用次数: 0

摘要

在政治危机中,跨国公司(MNCs)的子公司管理者面临着管理投资风险的关键决策。鉴于政治危机带来的潜在生存威胁,本研究考察了对政治风险的辅助反应。研究的重点是企业危机经验、威胁感知和管理层社会嵌入性对留下或离开决策的影响。利用来自107家莫桑比克跨国公司高管的数据,我们检验了三个假设。我们发现,跨国公司的危机经历对管理者的威胁感知有显著的预测作用(H1)。威胁感知正向影响子公司退出的可能性(H2),子公司经理的社会嵌入性抑制了这一关系(H3)。威胁感知并不一定会推动退出可能性,因为由与莫桑比克和外国朋友有高度社会互动的社会嵌入式经理领导的子公司不太可能退出。这些发现有助于对子公司政治风险管理的文献研究,并强调了社会嵌入性和危机经验在塑造子公司对政治不稳定的弹性方面的重要性。对于管理人员来说,这些结果突出了培养强大的本地网络和制定灵活的风险管理战略的价值。这些洞见对于在政治动荡期间驾驭复杂的国际市场至关重要。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
When MNC Subsidiaries Are Caught in a Political Crisis: The Case of Mozambique

In political crises, subsidiary-level managers of multinational corporations (MNCs) face critical decisions around managing investment risk. Given the potentially existential threat posed by political crises, this study examines subsidiary responses to political risk. The focus is on the effect of firm crisis experience, threat perception, and managerial social embeddedness on the stay-or-exit decisions. With data from senior managers of 107 MNCs in Mozambique, we test three hypotheses. We find that the crisis experience of the MNC is a significant predictor of managers' threat perceptions (H1). While threat perception positively affects the likelihood of subsidiary exit (H2), the social embeddedness of the subsidiary manager dampens that relationship (H3). Threat perception does not necessarily drive exit likelihood, as subsidiaries led by socially embedded managers with high levels of social interactions with Mozambican and foreign friends are less likely to exit. These findings contribute to the literature on subsidiary-level political risk management and underscore the significance of social embeddedness and crisis experience in shaping subsidiary resilience to political instability. For managers, these results highlight the value of fostering strong local networks and crafting flexible risk management strategies. Such insights are crucial for navigating the complexities of international markets during political turmoil.

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来源期刊
CiteScore
4.30
自引率
9.10%
发文量
73
期刊介绍: Thunderbird International Business Review is a peer-reviewed journal that is published six times a year in cooperation with the Thunderbird School of Global Business Management, the world"s leading institution in the education of global managers. The journal"s aim is to advance and disseminate research in the field of international business. Its main target audience includes academicians and executives in business and government who have an interest in international business.
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