The relationship between networks, institutional development, and performance in foreign investments
研究了跨国公司在不同制度发展水平的外国市场中，其业务单元的外部商业网络结构与运营利润率的关系，发现网络结构对绩效的影响部分取决于制度发展水平，且网络组成与利润率密切相关。
Abstract This paper empirically examines the relationship between the external business network of a country business unit (CBU) of a multinational firm, its performance, and the unique institutional characteristics of the foreign market in which it operates. We develop hypotheses about the CBU network structure associated with operating margin given different levels of institutional development, and the categories of network contacts associated with CBU operating margin. We test the hypotheses using social network analysis in 54 CBUs in two different business segments within one multinational company. Results show that the CBU network structure associated with higher operating margin depended partially on the level of the country's institutional development, and that network composition related strongly to CBU operating margin. We identify implications for research. Copyright © 2010 John Wiley & Sons, Ltd.