Please use this identifier to cite or link to this item: http://repositorio.ufla.br/jspui/handle/1/36010
Title: Desempenho de subsidiárias de empresas multinacionais brasileiras: uma análise em diferentes contextos institucionais
Other Titles: Subsidary performance of brazilian multinationals: an analysis in different institutional contexts
Authors: Calegario, Cristina Lelis Leal
Aveline, Carlos Eduardo Stefaniak
Campos, Renato Silvério
Pinto, Cláudia Sofia Frias
Keywords: Multinacionais brasileiras
Desempenho de subsidiárias
Distância institucional
Estratégia de propriedade
Apoio do governo
Multinacionais de mercados emergentes
Brazilian multinationals
Subsidiary performance
Institutional distance
Ownership strategy
Government support
Emerging-market multinationals
Issue Date: 7-Aug-2019
Publisher: Universidade Federal de Lavras
Citation: SOUZA, L. C. R. e. Desempenho de subsidiárias de empresas multinacionais brasileiras: uma análise em diferentes contextos institucionais. 2019. 84 p. Dissertação (Mestrado em Administração)–Universidade Federal de Lavras, Lavras, 2019.
Abstract: Research on emerging-market multinationals’ performance has been recurrent in the international business literature. Drawing on the institution-based view, this study examines the performance of Brazilian multinational enterprises’ subsidiaries located in different host institutional contexts. Specifically, it was investigated the effects of institutional regulatory and normative distances; ownership strategy; and government support on the subs idiary financial performance. It was also analyzed ownership strategy and government support as moderating factors of the institutional distance ’s impact on the subsidiary performance. A multilinear regression was used in order to analyze a panel dataset of 296 subsidiaries, representing 32 multinational enterprises, operating in 40 host countries, over a 10-year period (2006-2015). As opposed to what it was hypothesized, it was found that institutional distance positively affects subsidiary performance. The findings also show that full ownership and government support positively affects subsidiary performance. Moreover, the results suggests that subsidiaries with partial ownership located in developed and institutionally distant host countries perform better. It was also found a positive relationship between government support, regulatory distance and subsidiary performance. However, the same relationship with normative distance was not statistically relevant. Despite limitations, this study contributes to the institution-based view as it analyzes the links between institutional context and emerging -market multinationals’ subsidiaries performance. This study also enhances our understanding of Latin American multinational enterprises, which constitutes a relatively understudied topic on the international business literature.
URI: http://repositorio.ufla.br/jspui/handle/1/36010
Appears in Collections:Administração - Mestrado (Dissertação)



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