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Management International Review
Erschienen in: Management International Review 3/2009

01.06.2009 | RESEARCH ARTICLE

Institutional Environment and Subsidiary Survival

verfasst von: Ass. Prof. Charles Dhanaraj, Prof. Paul W. Beamish

Erschienen in: Management International Review | Ausgabe 3/2009

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Abstract

  • We examine the effect of the institutional environment (IE) on the mortality of overseas subsidiaries. We develop hypotheses to study the impact of political openness and social openness, two dimensions of the institutional environment and how joint venture status moderates these relationships. We test our hypotheses using a sample of 12,000+ Japanese overseas investments from 1986–1997 in 25 countries, using Cox hazard models.
  • Our results suggest that the sociopolitical context has a strong influence on the mortality of overseas subsidiaries. We theorized a negative main effect for political and social openness and positive interaction effects with openness when the FDI is through a JV. The results are consistent with the hypotheses. However, political and social openness show significantly different influences on subsidiary mortality.
Vorheriger Artikel Strategic Orientation and the Choice of Foreign Market Entry Mode
Nächster Artikel The Emergence of Portfolio Restructuring in Japan

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Fußnoten
1
We acknowledge that firm-specific advantage is also a critical factor that influences a firm’s investment strategy (Dunning 1993, Rugman 1981). However, we focus our attention on the external environment, treat the firm’s ownership advantage as exogenous to the model, and control for it in our empirical analysis.
 
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Metadaten
Titel
Institutional Environment and Subsidiary Survival
verfasst von
Ass. Prof. Charles Dhanaraj
Prof. Paul W. Beamish
Publikationsdatum
01.06.2009
Verlag
SP Gabler Verlag
Erschienen in
Management International Review / Ausgabe 3/2009
Print ISSN: 0938-8249
Elektronische ISSN: 1861-8901
DOI
https://doi.org/10.1007/s11575-009-0144-y

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