The Outsourcing Strategy of Local and Multinational Firms: A Supply Base Perspective
研究发现,跨国公司的国内子公司因能低成本接触本地和全球供应基础,比本土企业和外国子公司外包更多;而外国子公司中,地理距离越远外包越少,政治距离越远外包越多,文化距离影响不一。
Firms outsource through connecting to local and global supply bases and making such connections produces costs of search and evaluation, which are a function of transaction characteristics and firm capabilities. We argue that firms outsource more when those costs are low. Hence, domestic subsidiaries of multinational firms, with low cost access to both local and global supply bases, outsource more than either domestic firms or foreign subsidiaries, as confirmed by evidence from a large data panel. We also propose that among foreign subsidiaries, distance from the home country co‐determines search and evaluation costs such that subsidiaries from more distant countries outsource less. This is confirmed for geographic distance, but a positive effect is found for political distance and a mixed effect for cultural distance.