Equity Structure of MNE Affiliates and Scope of Their Activities: Distinguishing the Incentive and Control Effects of Ownership
研究跨国公司的股权如何影响其中国附属机构的活动范围，发现高股权会缩小核心的建筑设计与工程活动范围，但扩大其他知识密集型活动的范围，这有助于理解所有权在激励与控制之间的权衡。
This study examines the effects of an MNE 's equity ownership on the scope of its affiliate's activities. We focus on architectural design and engineering ( ADE ) activities and distinguish them from other activities because ADE capabilities are often core to the MNE 's competitiveness. Our empirical analysis, set in the C hinese automobile industry, reveals that the MNE 's equity ownership tends to narrow the scope of an affiliate's ADE activities while widening the scope of other knowledge‐intensive activities the two parties undertake jointly. The results suggest that equity ownership enables an MNE to control more effectively the scope of its affiliate's ADE activities for better protection against leakage and, at the same time, motivates the MNE to perform a broader spectrum of other knowledge‐intensive activities at the affiliate.