Ownership Strategies and Survival of Foreign Subsidiaries: Impacts of Institutional Distance and Experience
整合制度理论与组织学习视角，研究所有权策略对日本海外子公司生存的影响，发现所有权、制度距离和东道国经验对生存有显著作用，且所有权效应受制度距离和经验调节。
This article integrates institutional theory and organizational learning perspective and proposes a contingency framework on the relationship between ownership strategies and subsidiary performance. Using a sample of Japanese subsidiaries worldwide, the article finds important main effects of ownership, institutional distance, and host country experience on subsidiary survival. Furthermore, the effect of ownership is contingent on institutional distance and host country experience. In institutionally distant countries, subsidiaries have better survival chances if foreign parents have more ownership. Host country experience has a negative impact on subsidiary survival, but the effect is weaker if foreign parents have larger ownership positions in the subsidiaries.