scholarly journals Do Foreign Subsidiaries Improve Host Country Competitiveness? Insights from Hungary

AIB Insights ◽  
2018 ◽  
Author(s):  
László Reszegi ◽  
Péter Juhász ◽  
Erzsébet Czakó ◽  
Attila Chikán
Keyword(s):  
Host Country ◽  
Foreign Subsidiaries ◽  
Country Competitiveness

scholarly journals The Impact of Corruption Distance on Ownership Strategies of Spanish and Portuguese MNEs

2018 ◽  
Vol 17 (1) ◽  
pp. 15-30
Author(s):  
Mariana Pedrosa Faria ◽  
Fernando Carvalho ◽  
Nuno Rosa Reis
Keyword(s):  
Host Country ◽  
Multinational Enterprises ◽  
Home Country ◽  
Foreign Subsidiaries ◽  
Ownership Strategy ◽  
Important Decision ◽  
The Absolute ◽  
Using Data ◽  
The Impact

The ownership strategy of foreign subsidiaries is an important decision for multinational enterprises (MNEs). Previous research has analyzed the effect of country dimensions on this strategy, both from the home and the host country. In this paper we delve into the effect of differences between home and host country on the MNEs’ ownership strategies. Empirically, we analyze the influence of corruption distance on the ownership strategies of Spanish and Portuguese MNEs, using data from 3,941 foreign subsidiaries. We found that the higher the absolute corruption distance between Spain (or Portugal) and the host country, the higher the ownership controlled by MNEs. However, when the host is more corrupt than the home country, MNEs have a lower ownership level in the local subsidiaries.  

scholarly journals Influence of Exchange Rate Fluctuations and Credit Supply on Dividend Repatriation Policy of U.S. Multinational Corporations

2020 ◽  
Vol 9 (s1) ◽  
pp. 267-290 ◽  
Author(s):  
Muhammad Tahir ◽  
Haslindar Ibrahim ◽  
Abdul Hadi Zulkafli ◽  
Muhammad Mushtaq
Keyword(s):  
Exchange Rate ◽  
Multinational Corporations ◽  
Host Country ◽  
Method Of Moments ◽  
Foreign Subsidiaries ◽  
Credit Supply ◽  
Exchange Rate Fluctuations ◽  
Private Credit ◽  
The Difference ◽  
Generalised Method Of Moments

AbstractThis study aims to examine the effect of exchange rate fluctuations and credit supply on the dividend repatriation policy of foreign subsidiaries of U.S. multinational corporations (MNCs) around the world. The difference generalised method of moments (GMM) estimator was applied to estimate the dynamic dividend repatriation model. The results suggest that the appreciation of host-country currency against the USD leads to higher dividend repatriation by the foreign subsidiaries of U.S. MNCs. Moreover, results reveal that higher availability of private credit in the host country results in lower dividend repatriation by the U.S. MNCs’ foreign subsidiaries.

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