Global Strategy Journal最新文献_第8页

Move fast and break things: Reassessing IB research in the light of the digital revolution 快速行动，打破常规:根据数字革命重新评估IB研究

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2022-01-06 DOI: 10.1002/gsj.1427

Julian Birkinshaw

Research Summary

How has the emergence of born-digital firms such as Facebook and Uber influenced international business (IB) research? In this essay, I outline the distinctive qualities of these firms, in particular their “global by default” mindset, and I discuss how IB research on strategy, organization, and institutional context is evolving to help us understand them better. I argue that some traditional domains of inquiry (e.g., subsidiary role typologies) have become obsolete, while others (e.g., MNC–government relationships) have become more important. There is also scope for developing new theories to explain what we observe, rather than seeking to “shoehorn” new phenomena into our existing schemata.

Managerial Summary

“Move fast and break things” was the original motto of Facebook (now Meta), and it is emblematic of how many born-digital firms behave. These firms seek to grow quickly, and they have little regard for international borders, often operating in a global-by-default way. They are, in other words, very different to industrial-era firms that plotted their international expansion in a cautious and sequential way. In this essay, I discuss whether our existing IB theories—which were developed during the industrial era—are still fit-for-purpose in an economy increasingly dominated by born-digital firms.

Facebook和Uber等数字公司的出现对国际商业(IB)研究产生了怎样的影响?在这篇文章中，我概述了这些公司的独特品质，特别是他们的“全球默认”思维模式，并讨论了IB研究在战略、组织和制度背景方面的发展如何帮助我们更好地理解它们。我认为，一些传统的研究领域(例如，辅助角色类型学)已经过时，而其他领域(例如，跨国公司与政府的关系)变得更加重要。也有发展新理论来解释我们观察到的东西的空间，而不是试图将新现象“硬塞”到我们现有的图式中。“快速行动，打破陈规”是Facebook(现在的Meta)最初的座右铭，也是许多数字化公司的典型行为。这些公司寻求快速增长，他们很少考虑国际边界，经常以全球默认的方式运营。换句话说，它们与工业时代以谨慎和有序的方式规划国际扩张的公司非常不同。在这篇文章中，我讨论了我们现有的在工业时代发展起来的IB理论是否仍然适合于一个日益由天生的数字公司主导的经济。

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引用次数: 15

Institutions and entrepreneurship in a non-ergodic world 非遍历世界中的制度和企业家精神

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2021-11-22 DOI: 10.1002/gsj.1425

Dan Li, Michael A. Hitt, Bat Batjargal, R. Duane Ireland, Toyah L. Miller, Alvaro Cuervo-Cazurra

Research Summary

This special issue advances the global strategy and entrepreneurship fields by providing a better understanding of the linkage between institutions and entrepreneurship. We provide an overview of existing literature in three key research areas: (a) the impact of institutions (types and complexity) on entrepreneurship, (b) the effect of institutional evolution (overall evolution and interplay among institutions) on entrepreneurship, and (c) the coevolution of institutions and entrepreneurship. We introduce the eight articles appearing in this special issue, examine the relationship between institutions and entrepreneurship in a non-ergodic world, and highlight meaningful and promising avenues for future research in each of the three key research areas in the domain of institutions and entrepreneurship.

Managerial Summary

This study clarifies the complex relationship between institutions (the rules and norms that govern economic transactions) and entrepreneurship. Our discussion of existing literature, special issue articles, institutions and entrepreneurship in a world of significant change, and several promising avenues for future research highlights to entrepreneurs and their stakeholders the critical role that institutions play in entrepreneurial strategies and actions in three ways. First, the types of institutions and their complexity in a location alter entrepreneurs' incentives and ability to create new ventures. Second, the continued changes in institutions - some in favor of free-market relationships and others restricting them - alter entrepreneurs' behaviors. Third, the entrepreneurial spirit and the creation of new ventures can drive the transformation of institutions that govern future market transactions.

本特刊通过更好地理解制度与创业之间的联系，推动了全球战略和创业领域的发展。我们概述了三个关键研究领域的现有文献:(a)制度(类型和复杂性)对企业家精神的影响，(b)制度演变(制度之间的整体演变和相互作用)对企业家精神的影响，以及(c)制度和企业家精神的共同演变。我们将介绍本期特刊中出现的八篇文章，在一个非遍历的世界中审视制度与企业家精神之间的关系，并强调在制度与企业家精神领域的三个关键研究领域中，未来研究的有意义和有希望的途径。本研究阐明了制度(管理经济交易的规则和规范)与企业家精神之间的复杂关系。我们对现有文献、特刊文章、制度和企业家精神在一个重大变化的世界中的讨论，以及未来研究的几个有希望的途径，向企业家及其利益相关者强调了制度在企业家战略和行动中的关键作用。首先，一个地区的机构类型及其复杂性改变了企业家创建新企业的动机和能力。其次，制度的持续变化——有些支持自由市场关系，有些则限制自由市场关系——改变了企业家的行为。第三，企业家精神和新企业的创建可以推动管理未来市场交易的制度的变革。

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引用次数: 7

Complexity offering opportunity: Mutual learning between Zhejiang Geely Holding Group and Volvo Cars in the post-acquisition process 复杂性提供机会:浙江吉利控股集团与沃尔沃汽车在收购后过程中的相互学习

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2021-11-10 DOI: 10.1002/gsj.1424

Anna Jonsson, Jan-Erik Vahlne

Research Summary

While much of the literature on complex global environments builds on studies of multinationals from mature markets, little is known about how firms from emerging markets understand and cope with complexity. This paper builds on a longitudinal case study of Zhejiang Geely Holding Group (ZGH) in the post-acquisition process of Volvo Car Group (VCG) and its efforts to learn how to learn in order to catch up with the internationalization process as means for developing capabilities and compete in the global automotive industry. Building on the Uppsala model, we contribute with insights how an emerging market multinational understands complexity and organize the post-acquisition process to explicitly emphasize the importance of mutual learning to develop and exploit opportunities to improve the business.

Managerial Summary

A key finding is that ZGH does not understand complexity only as a risk that should be coped with, managed and controlled—following the western idea of risk management—but also as an opportunity for learning. While the importance of knowledge management and organizational learning is often emphasized as a means to achieve competitive advantage, it is seldom as easily managed in practice. Building on insights from ZGH we illustrate that to enable knowledge development and mutual learning, top-management from the acquiring firm needs to emphasize learning and trust the acquired firm rather than controlling it. It is equally important that the acquired firm trust the intentions of the new owner and reflect on the interest in learning—not least to improve and remain valuable.

虽然许多关于复杂全球环境的文献都是建立在对来自成熟市场的跨国公司的研究基础上的，但对于新兴市场的公司如何理解和应对复杂性却知之甚少。本文以浙江吉利控股集团(ZGH)在收购沃尔沃汽车集团(VCG)后的纵向案例研究为基础，学习如何学习，以赶上国际化进程，作为发展能力和参与全球汽车产业竞争的手段。在乌普萨拉模式的基础上，我们提供了新兴市场跨国公司如何理解复杂性和组织收购后流程的见解，以明确强调相互学习的重要性，以开发和利用机会来改善业务。一个关键的发现是，ZGH不仅将复杂性理解为一种应该应对、管理和控制的风险——遵循西方的风险管理理念——而且还将其视为一个学习的机会。虽然知识管理和组织学习的重要性经常被强调为获得竞争优势的手段，但在实践中很少这样容易管理。基于ZGH的见解，我们说明，为了实现知识发展和相互学习，收购方的高层管理人员需要强调学习和信任被收购方，而不是控制被收购方。同样重要的是，被收购的公司要信任新所有者的意图，并反思对学习的兴趣——不仅仅是为了提高和保持价值。

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引用次数: 5

Directionality matters: Board interlocks and firm internationalization 方向性问题：董事会联动和公司国际化

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2021-10-27 DOI: 10.1002/gsj.1423

Harun Emre Yildiz, Sergey Morgulis-Yakushev, Ulf Holm, Mikael Eriksson

Research Summary

This paper examines an understudied aspect of network relationships—that is, direction of relational ties. Tie direction is important since it can shape when and how firms can benefit from the international experience of other firms. We focus on a specific type of network relationship—that is, interlocking directorates, which provides a clinical context to study directionality. We show that, due to their higher familiarity, identification, and executive power, focal firm directors serving in other firms' boards (i.e., outgoing ties) are more beneficial for utilizing partners' international experience. However, outside directors sitting on the boards of focal firms (i.e., incoming ties) can bring more useful first-hand experience and facilitate international expansion once these ties get stronger. Theoretical and practical implications of these results are discussed.

Managerial Summary

As they grow internationally, firms need to manage risks and uncertainties of doing business abroad. In this regard, they can potentially benefit from the international experience of other firms in their network. We show how firms can realize these benefits by means of interlocking ties (i.e., shared board memberships). To that end, we examine the directionality of interlocking ties. Specifically, we argue that a firm's ability to utilize partners' experience for its own international expansion is greater when its directors sit on the boards of other firms (so-called outgoing ties) compared to when other firms' directors sit on its own board (so-called incoming ties). However, experience coming through incoming ties is more effective for a firm's international expansion once these ties get stronger.

研究综述：本文考察了网络关系的一个研究不足的方面，即关系纽带的方向。平局方向很重要，因为它可以决定公司何时以及如何从其他公司的国际经验中受益。我们关注一种特定类型的网络关系，即互锁董事会，它为研究方向性提供了临床背景。我们发现，由于其更高的熟悉度、认同度和执行力，在其他公司董事会任职的焦点公司董事（即离职关系）更有利于利用合作伙伴的国际经验。然而，焦点公司董事会的外部董事（即即将上任的关系）可以带来更有用的第一手经验，并在这些关系变得更加牢固后促进国际扩张。讨论了这些结果的理论和实际意义。

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引用次数: 7

Chief executive officer power and initial public offering underpricing: Examining the influence of demand-side cultural power distance 首席执行官权力与ipo抑价:需求侧文化权力距离的影响研究

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2021-10-11 DOI: 10.1002/gsj.1422

Ryan Krause, Juanyi Chen, Garry D. Bruton, Igor Filatotchev

Research Summary

Initial public offering (IPO) underpricing reflects the inability of early investors to capture the full value of an entrepreneurial firm. IPO firms can potentially limit underpricing by signaling wealth protection through lower chief executive officer (CEO) power. Such signaling is particularly challenging for many IPO firms, though, because for those doing business in high-power-distance cultures, CEO power can also signal wealth creation, making CEO power a mixed signal for IPO investors. Drawing on signaling theory, we argue that CEO power is positively associated with IPO underpricing, but this relationship weakens for IPO firms doing business in countries with high cultural power distance because the information signaled becomes less clear. The signaling impact of both CEO power and demand-side cultural power distance weakens, however, when underwriter reputation offers a substitute signal.

Managerial Summary

This research offers new knowledge for IPO corporate governance practitioners, such as entrepreneurs, venture capitalists, underwriters, and regulators. Specifically, our research demonstrates that the power dynamic in the upper echelons has implications for demand-side legitimacy or making U.S.-listed firms more legitimate with international customers. As a result, stockholders and securities analysts who balk at the consolidation of CEO power should consider the potential benefits that such consolidation of power might grant the firm when competing in different cultural environments associated with foreign markets.

首次公开募股(IPO)定价过低反映了早期投资者无法获得创业公司的全部价值。IPO公司可能会通过降低首席执行官(CEO)的权力来传递财富保护的信号，从而限制定价过低。不过，这种信号对许多IPO公司来说尤其具有挑战性，因为对于那些在权力距离高的文化中开展业务的公司来说，CEO权力也可能是创造财富的信号，这使得CEO权力对IPO投资者来说是一个好坏参半的信号。利用信号理论，我们认为CEO权力与IPO抑价呈正相关，但对于在文化权力距离高的国家开展业务的IPO公司，这种关系减弱，因为信息信号变得不那么清晰。然而，当承销商声誉提供替代信号时，CEO权力和需求方文化权力距离的信号影响减弱。本研究为IPO公司治理从业者(如企业家、风险投资家、承销商和监管机构)提供了新的知识。具体而言，我们的研究表明，高层的权力动态对需求方合法性或使美国上市公司对国际客户更具合法性具有影响。因此，那些反对CEO权力整合的股东和证券分析师应该考虑这样的权力整合在与国外市场相关的不同文化环境中竞争时可能给公司带来的潜在好处。

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引用次数: 6

Time to change lanes: How pro-market reforms affect informal ventures' formalization speed 是时候改道了:亲市场改革如何影响非正式企业的正规化速度

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2021-10-07 DOI: 10.1002/gsj.1421

David H. Weng, Seung-Hyun Lee, Yasuhiro Yamakawa

Research Summary

We argue that pro-market reforms encourage informal ventures to obtain formal registration quickly by altering the relative costs and benefits of joining the formal sector. We furthermore contend that this reform effect is shaped by several contextual factors such that venture embeddedness and market position increase the costs of leaving the informal sector, weakening the effect of pro-market reforms. Although foreign competition may make the formal sector more competitive and dampen the effect of pro-market reforms, larger informal economy may induce informal ventures to stay put. Results based on a sample of multicountry ventures support our arguments, suggesting that pro-market reforms can speed up informal ventures' formalization processes.

Managerial Summary

We analyze the relationship between pro-market reforms and informal ventures' formalization speed. We find that pro-market reforms compel informal entrepreneurs to seek the benefits and to move to the formal sector quickly. Also, more embedded ventures and ventures with larger market positions are less responsive to pro-market reforms as these ventures incur higher costs in leaving the informal sector. Since strong foreign competition makes the formal sector less attractive for nondominant entities, informal ventures may find pro-market reforms less attractive in countries with heightened foreign competition. Ventures in countries with more intense foreign competition are less susceptible to the effect of pro-market reforms. Overall, while pro-market reforms provide ample incentives to formalize, informal ventures are not uniformly incentivized to do so given these contingences.

我们认为，亲市场改革通过改变加入正规部门的相对成本和收益，鼓励非正规企业迅速获得正式注册。我们进一步认为，这种改革效果是由几个背景因素形成的，如风险嵌入性和市场地位增加了离开非正规部门的成本，削弱了亲市场改革的效果。虽然外国竞争可能使正规部门更具竞争力并抑制亲市场改革的效果，但较大的非正规经济可能促使非正规企业原地不动。基于跨国企业样本的结果支持了我们的论点，表明亲市场改革可以加速非正式企业的正规化进程。本文分析了市场化改革与非正规企业正规化速度之间的关系。我们发现，亲市场改革迫使非正规企业家寻求利益，并迅速转向正规部门。此外，更深入的企业和拥有更大市场地位的企业对亲市场改革的反应更弱，因为这些企业在离开非正规部门时会产生更高的成本。由于激烈的外国竞争使正式部门对非主导实体的吸引力降低，非正式企业可能会发现，在外国竞争加剧的国家，亲市场改革的吸引力降低。在外国竞争更激烈的国家，企业不太容易受到亲市场改革的影响。总的来说，虽然亲市场改革为正规化提供了充分的激励，但考虑到这些偶然因素，非正式企业并没有得到一致的激励。

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引用次数: 6

Are governance mode and foreign location choices independent? 治理模式和海外选址是否相互独立?

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2021-09-28 DOI: 10.1002/gsj.1420

Michael J. Leiblein, Marcus M. Larsen, Torben Pedersen

Research Summary

This article explores the relationship between organizational governance and location choices. While the existing literature provides significant intuition regarding the factors that influence these choices, it often assumes that governance and location choice are independent from one another. This article tests the veracity of this assumption in the global semiconductor industry. We report evidence of significant correlations across choices regarding how to govern and where to locate production, evidence of a reciprocal relationship between governance and location choices, and evidence suggesting how interdependence between governance and location choices affects the stability of relationships highlighted by extant theories. We conclude with implications for future theoretical and empirical research based on the existence of these interdependent effects.

Managerial Summary

Managers face difficult choices when deciding how to organize the performance of an activity. They must choose whether to outsource an activity by balancing the potential benefits of a supplier's lower costs or knowledge against the costs of diminished coordination and control. They must also choose where to perform an activity by considering the benefits of locally bound expertise as well as potential costs associated with cultural, legal, and social barriers. While prior research has often addressed these issues by assuming that these choices are independent, this paper demonstrates that governance and location choices are interdependent and that each choice reciprocally affects the other. It concludes by suggesting managers utilize an expanded governance-location choice set when evaluating where and how to manage their core activities.

本文探讨了组织治理与区位选择的关系。虽然现有文献对影响这些选择的因素提供了重要的直觉，但它通常假设治理和位置选择是相互独立的。本文在全球半导体行业中检验了这一假设的真实性。我们报告了关于如何治理和在哪里定位生产的选择之间的显著相关性的证据，治理和区位选择之间的互惠关系的证据，以及表明治理和区位选择之间的相互依赖如何影响现有理论所强调的关系稳定性的证据。基于这些相互依存效应的存在，我们总结了对未来理论和实证研究的启示。管理者在决定如何组织一项活动的表现时面临着困难的选择。他们必须通过平衡供应商较低的成本或知识的潜在利益与减少协调和控制的成本来选择是否将一项活动外包。他们还必须考虑当地专业知识的好处以及与文化、法律和社会障碍相关的潜在成本，来选择在哪里开展活动。虽然先前的研究通常通过假设这些选择是独立的来解决这些问题，但本文证明了治理和位置选择是相互依赖的，并且每个选择都相互影响。最后，它建议管理者在评估在哪里以及如何管理他们的核心活动时，利用一个扩展的治理位置选择集。

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引用次数: 2

Does fairness narrow the gap? Effect of procedural justice on MNE attention disparity 公平能缩小差距吗?程序公正对跨国公司注意差异的影响

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2021-09-01 DOI: 10.1002/gsj.1415

David H. Weng, Hsiang-Lin Cheng

Research Summary

Earlier studies have suggested that multinational enterprise (MNE) subsidiaries may receive unequal attention from headquarters, but have not yet thoroughly examined either this issue or potential mechanisms that may ameliorate the situation. Our study contends that procedural justice helps bridge an MNE's attention gap as perceived by subsidiaries. We further posit that this proposed effect would be moderated by several contextual factors including subsidiary capability, subsidiary initiative, MNE internationalization, and MNE scope. An assembled sample of MNEs headquartered in Taiwan supports our predictions. These findings have important implications for both the attention-based view of the firm and headquarters–subsidiary relationships.

Managerial Summary

MNEs often allocate unequal attention among their overseas subsidiaries. Yet the means of addressing this potential attention disparity remains underexplored. We contend that developing a set of fair, transparent, and unbiased procedures within an MNE can help address this issue. Results based on a sample of MNEs based in Taiwan support this argument. These analyses also suggest that the effect of procedural justice would be weakened when subsidiaries are more capable and demonstrate greater initiative. In contrast, the impact of procedural justice will be strengthened for highly internationalized MNEs. Our findings offer crucial practical implications for MNEs to allocate attention among and manage their subsidiaries.

早期的研究表明，跨国企业(MNE)子公司可能受到总部的不平等关注，但尚未彻底审查这一问题或可能改善这种情况的潜在机制。我们的研究认为，程序公正有助于弥合跨国公司在子公司眼中的注意力差距。我们进一步假设，这种效应将受到几个背景因素的调节，包括子公司能力、子公司主动性、跨国公司国际化和跨国公司范围。总部设在台湾的跨国公司的集合样本支持我们的预测。这些发现对公司和总部-子公司关系的注意力基础观点都有重要的启示。跨国公司对其海外子公司的关注往往不均衡。然而，解决这种潜在注意力差异的方法仍未得到充分探索。我们认为，在跨国公司内部制定一套公平、透明和公正的程序有助于解决这一问题。基于台湾跨国公司样本的结果支持这一论点。这些分析还表明，当子公司能力更强、表现出更大的主动性时，程序正义的作用将被削弱。相比之下，对于高度国际化的跨国公司，程序正义的影响将得到加强。我们的研究结果为跨国公司在子公司之间分配注意力和管理子公司提供了重要的现实意义。

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引用次数: 1

The moderating role of polycentric institutions in the relationship between effectuation/causation logics and corporate entrepreneur's decision-making processes 多中心制度在效应/因果逻辑与企业家决策过程关系中的调节作用

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2021-08-28 DOI: 10.1002/gsj.1419

Ivan Garrido, Sílvio Vasconcellos, Kadígia Faccin, Jefferson Marlon Monticelli, Caroline Carpenedo

Research Summary

This study analyzes how firms respond to institutional polycentrism, a governance system that emerges from multiple and independent centers of power that interact to determine and regulate an evolutionary overarching comprehensive social system of rules. We propose that institutional polycentrism moderates corporate entrepreneurs' decision-making processes. We conducted a case study at a multinational corporation over four decades of internationalization using process data analysis. We found that institutional polycentrism determines a calibration between causation and effectuation logics. The study offers two contributions: (a) expanding the explanatory power of institutional polycentrism by understanding how it moderates the corporate entrepreneur's decision-making process in polycentric institutional contexts and (2) proposing a relatively novel contingency dimension of the effectuation versus causation and establishing new boundary conditions of the effectuation versus causation.

Managerial summary

This study analyzes the decision-making process of corporate entrepreneurs of a multinational steel producer throughout its internationalization trajectory. The article highlights that decisions based on rules established with past experience are unsuitable in contexts characterized by a multiplicity of foreign institutional forces. The joint interaction of these forces on the firm induces corporate entrepreneurs to respond to such pressures under a new, more flexible, and experimental approach. Finally, the results indicate that institutional multiplicity generates a kind of calibration between these decision-making approaches, contributing to innovation processes in the company.

本研究分析了企业如何应对制度多中心主义。制度多中心主义是一种由多个独立的权力中心形成的治理体系，这些权力中心相互作用，决定和规范着一个进化的、全面的社会规则体系。我们认为制度多中心主义调节了企业企业家的决策过程。我们使用流程数据分析对一家跨国公司进行了40多年的国际化案例研究。我们发现，制度多中心主义决定了因果逻辑与结果逻辑之间的校准。本研究提供了两个贡献:(1)通过理解制度多中心主义如何调节企业企业家在多中心制度背景下的决策过程，扩大了制度多中心主义的解释力;(2)提出了一个相对新颖的因果因果偶然性维度，并建立了因果因果关系的新边界条件。本研究分析了一家跨国钢铁企业在其国际化轨迹中企业企业家的决策过程。这篇文章强调，根据过去经验制定的规则作出的决定不适用于具有多种外国体制力量特点的情况。这些力量对企业的共同作用促使企业企业家以一种新的、更灵活的、实验性的方法来应对这种压力。最后，研究结果表明，制度多样性在这些决策方法之间产生了一种校准，有助于公司的创新过程。

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引用次数: 3

Speed of institutional change and subsidiary performance: The moderating impact of home and host country learning 制度变迁速度与附属绩效:母国与东道国学习的调节作用

IF 7.6 2区管理学 Q1 BUSINESS

Global Strategy Journal

Pub Date : 2021-08-13 DOI: 10.1002/gsj.1416

Lucio Fuentelsaz, Elisabet Garrido, Minerva González

Research summary

This research examines the role played by home and host country learning in the relationship between the speed of institutional change and subsidiary performance. We posit a negative relationship between the speed of institutional change in the host country and subsidiary performance. We also argue that this relationship is contingent on the institutional learning that parent multinationals (MNEs) have previously attained in other countries. By integrating the dynamic institution-based view and the organizational learning literature, our analysis highlights the key role that abilities and skills developed by MNEs to face rapid institutional changes have on the host countries in which they operate. We test our theoretical model using a sample of 342 subsidiaries from 68 MNEs operating in emerging and developed economies during 2001–2017.

Managerial summary

MNEs regularly face institutional changes in both home and host countries. However, institutions evolve at different speeds. According to previous studies, the performance of subsidiaries is threatened when institutional changes happen quickly. MNEs need to develop the ability to help their subsidiaries face changes immediately and with no loss of performance. Our research shows that MNEs can learn from prior rapid institutional changes in the home and host countries and transfer this knowledge to their subsidiaries so that they can be more equipped to deal with it in the future.

本研究考察了母国和东道国学习在制度变迁速度和附属绩效之间的关系中所起的作用。我们假设东道国的制度变迁速度与子公司绩效之间存在负相关关系。我们还认为，这种关系取决于母公司跨国公司(MNEs)以前在其他国家获得的制度学习。通过整合动态的基于制度的观点和组织学习文献，我们的分析强调了跨国公司为应对快速的制度变革而发展的能力和技能对其所在东道国的关键作用。我们使用2001-2017年间在新兴和发达经济体运营的68家跨国公司的342家子公司样本来测试我们的理论模型。跨国公司经常面临母国和东道国的制度变化。然而，制度的发展速度各不相同。根据以往的研究，当制度变迁发生得很快时，子公司的绩效会受到威胁。跨国公司需要培养帮助子公司在不损失业绩的情况下立即面对变化的能力。我们的研究表明，跨国公司可以从母国和东道国先前快速的制度变化中吸取教训，并将这些知识传授给子公司，以便它们能够更好地应对未来的变化。

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引用次数: 3