Subsidiary Networks and Foreign Subsidiary Performance: A Coopetition Perspective
从竞合视角研究跨国公司在东道国的产品相似与产品差异子公司网络对外国子公司绩效的影响，发现产品相似网络呈倒U型效应，产品差异网络呈正向效应，且东道国经济优势和无形资源起调节作用。
ABSTRACT From a coopetition perspective, we differentiate between a multinational enterprise's product-similar subsidiary network and product-different subsidiary network in a host country. We argue that the product-similar network will have a curvilinear (inverted U-shaped) effect on foreign subsidiary performance, whereas the product-different network will produce a monotonic (positive) effect. Moreover, we introduce host-country economic advantage and intangible resource of the subsidiary as moderators into the relationship between subsidiary network and performance. Using longitudinal panel data of foreign subsidiaries, we find evidence that when host-country economic advantage is large, and the level of intangible asset intensity is high, the inverted U-shaped effect of product-similar subsidiary network is less pronounced. Moreover, host-country economic advantage and intangible asset intensity both enhance the positive effect of product-different subsidiary network. However, the moderating effect of intangible asset intensity is opposite to our prediction.