Impact of policy uncertainty on subsidiary reverse knowledge transfer
基于吸收能力和资源依赖理论，利用全球经济政策不确定性指数，研究了台湾跨国公司1565个公司-年度数据，发现东道国政策不确定性通过降低全球研发强度和地理研发多样性间接削弱了子公司反向知识转移收益，而合资进入模式可缓解此效应。
Abstract Despite the recognized importance of subsidiary reverse knowledge transfer (RKT) for multinational enterprises' (MNEs') competitive advantages, little is understood about how host country policy uncertainty may affect it. This study, based on absorptive capacity and resource dependence theories and utilizing the global economic policy uncertainty (GEPU) index, examines 1565 firm‐year observations of Taiwanese MNE parent–subsidiary activities. Findings suggest that GEPU indirectly undermines subsidiary RKT benefit by reducing MNEs' global R&D intensity and geographical R&D diversity. Notably, this effect is mitigated when MNEs choose joint venture entry modes. This study enriches international business literature by elucidating the intricate relationships between the host country policy uncertainty, MNE strategies, and subsidiary RKT outcomes, thus contributing to a deeper scholarly understanding in the RKT domain.