文章基本信息

标题：The Impact of Corruption Distance on Ownership Strategies of Spanish and Portuguese MNEs
其他标题：The Impact of Corruption Distance on Ownership Strategies of Spanish and Portuguese MNEs
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作者：Mariana Pedrosa Faria ; Fernando Carvalho ; Nuno Rosa Reis 等
期刊名称：Revista Ibero-Americana de Estratégia
电子版ISSN：2176-0756
出版年度：2018
卷号：17
期号：1
页码：15-30
DOI：10.5585/ijsm.v17i1.2603
语种：English
出版社：Universidade Nove de Julho
摘要：The ownership strategy of foreign subsidiaries is an important decision for multinational enterprises (MNEs). Previous research has analyzed the effect of country dimensions on this strategy, both from the home and the host country. In this paper we delve into the effect of differences between home and host country on the MNEs’ ownership strategies. Empirically, we analyze the influence of corruption distance on the ownership strategies of Spanish and Portuguese MNEs, using data from 3,941 foreign subsidiaries. We found that the higher the absolute corruption distance between Spain (or Portugal) and the host country, the higher the ownership controlled by MNEs. However, when the host is more corrupt than the home country, MNEs have a lower ownership level in the local subsidiaries.
其他摘要：The ownership strategy of foreign subsidiaries is an important decision for multinational enterprises (MNEs). Previous research has analyzed the effect of country dimensions on this strategy, both from the home and the host country. In this paper we delve into the effect of differences between home and host country on the MNEs’ ownership strategies. Empirically, we analyze the influence of corruption distance on the ownership strategies of Spanish and Portuguese MNEs, using data from 3,941 foreign subsidiaries. We found that the higher the absolute corruption distance between Spain (or Portugal) and the host country, the higher the ownership controlled by MNEs. However, when the host is more corrupt than the home country, MNEs have a lower ownership level in the local subsidiaries.
关键词：Corruption Distance; Ownership Strategy; Home-Host Differences; Portugal; Spain.
其他关键词：Strategy; International Strategy;Corruption Distance; Ownership Strategy; Home-Host Differences; Portugal; Spain.