贸易制裁如何影响跨国公司在俄罗斯的子公司:对合法性问题和绩效的回应

IF 8.9 1区 管理学 Q1 BUSINESS
Sihong Wu, Snejina Michailova
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引用次数: 0

摘要

在母国对东道国实施贸易制裁后,跨国公司子公司如何应对和表现?为了回答这个研究问题,我们采用合法性视角,关注俄罗斯,并使用包含国家、公司和媒体数据的数据集(1994-2022)测试四个假设。基于来自41个国家的676家跨国公司子公司的样本和超过13,000份公告的文本分析,我们发现制裁增加了子公司以利益相关者为导向的反应,并对其绩效产生负面影响。拥有更多本地经验的子公司不太可能立即做出反应,导致与新进入者相比,业绩下滑更为严重。我们对新闻媒体帖子的分析进一步表明,公众对制裁东道国的负面情绪加剧了子公司做出回应的压力。这些发现丰富了关于制裁的国际商业文献,并有助于正在进行的关于制裁、合法性和绩效之间关系的学术讨论。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
How trade sanctions impact MNE subsidiaries in Russia: Responses to legitimacy concerns and performance
How do MNE subsidiaries respond and perform after their home country imposes trade sanctions on the host country? To answer this research question, we apply a legitimacy lens, focus on Russia, and test four hypotheses using a dataset (1994–2022) that includes country, firm, and media data. Based on a sample of 676 MNE subsidiaries from 41 countries and text analysis of over 13,000 announcements, we find that sanctions increase subsidiaries’ stakeholder-oriented responses and negatively affect their performance. Subsidiaries with greater local experience are less likely to respond immediately, resulting in more severe performance declines compared to new entrants. Our analysis of news outlet posts further shows that negative public sentiment toward the sanctioning host country intensifies pressure on subsidiaries to respond. These findings enrich the international business literature on sanctions and contribute to ongoing scholarly discussions about the relationship between sanctions, legitimacy, and performance.
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来源期刊
CiteScore
16.50
自引率
11.20%
发文量
73
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.
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