Why do some multinational corporations relocate their headquarters overseas?
研究了跨国公司将其业务单元总部或公司总部迁往海外的决策，发现业务单元总部迁移受内部活动和产品市场影响，而公司总部迁移则受外部利益相关者如全球金融市场和股东驱动。
Abstract This paper examines the decision by a multinational corporation (MNC) to relocate its business unit and/or corporate HQ overseas. We argue that business unit HQs move overseas in response to changes in the internal configuration of their unit's activities and the demands of the product markets in which they operate, whereas corporate HQs move overseas in response to the demands of external stakeholders, in particular global financial markets and shareholders. Using data on 125 business unit HQs and 35 corporate HQs, we test and find support for these arguments. The research highlights important differences between corporate‐ and business‐level strategy, and it suggests ways in which the theory of the MNC needs to be reconsidered. Copyright © 2006 John Wiley & Sons, Ltd.