【学术讲座】内部化优势与子公司绩效: 企业集团隶属关系与东道国特点的作用

INTERNALIZATION ADVANTAGE AND SUBSIDIARY PERFORMANCE: 

THE ROLE OF BUSINESS GROUP AFFILIATION AND HOST COUNTRY CHARACTERISTICS

Date & Time:14:00-15:00,May 30^th, 2019

Venue: Room 401, Tongji Building A

Language: English

Speaker: Prof. Ajai Gaur (Rutgers Business School - Newark and New Brunswick) 

Abstract

We extend internalization theory by examining the contingencies associated with market internalization and its impact on foreign subsidiary survival. Based on a sample of 6170 subsidiary-year observations in 63 countries belonging to 292 MNCs from Korea during 1995 to 2013, we find that greater product and labor market internalization have weaker impact on the survival of subsidiaries operating in countries with more developed institutional environments but stronger for subsidiaries of MNCs affiliated with business groups. The impact of business group affiliation is further dependent on host country institutional development, and the diversification and size of the business group. 

Biography

Ajai is working on understanding the strategic adaptation of emerging economy firms during institutional transition. This line of work focuses on the interplay between internal governance structure and external governance environment and its effect on firm strategies and performance. Ajai has also worked on issues related to institutional distance between different governance environments, MNCs' ownership strategies, staffing strategies and entry mode choice in international investments. Empirically, he has examined firms based in Australia, China, Germany, India, Japan, New Zealand, South Korea, UK and USA. Some of his research has appeared in journals such as Strategic Management Journal, Journal of International Business Studies, Journal of Management, Journal of Management Studies and Management International Review. 

All the faculties and students are welcome to attend this lecture!