Control in multinational corporations (MNCS): the case of Korean manufacturing subsidiaries
研究了美国和日本跨国公司对其韩国子公司控制程度和类型的决定因素,发现所有权程度影响控制量,总部国籍影响控制类型,子公司相对规模调节所有权与产出控制的关系。
Using both agency theory and comparative national culture frameworks, this study investigated factors determining the degree and type of control used by American and Japanese MNCs on their Korean subsidiaries. Two characteristics of MNCs affected the control they exerted—the degree of MNCs’ ownership, which affected the amount of control, and the nationality of the MNC’s headquarters, which affected the type of control exerted. As predicted, the size of the subsidiary relative to the MNC, moderated the relationship between the degree of ownership and amount of output control the MNC exerted. Overall, the study supported the usefulness of agency theory in explaining the degree of management control exerted, while national culture accounted for the type of control exerted.