And the subsidiary lives on: Harnessing complex realities in the contemporary MNE

Andrews, Daniel S.; Nell, Phillip Christopher; Schotter, Andreas; Laamanen, Tomi

doi:10.1057/s41267-022-00552-4

Cited by 9 publications

(1 citation statement)

References 62 publications

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“…Data is emerged following an in-depth analysis of behavior applying creativity, imagination, reflection, and the ability to think conceptually and abstractly [41]. The use of grounded theory is relevant to meet the challenge of integrating research that is multidisciplinary in scope and inter-disciplinary in content: Such a feature of international business creates a challenge in bringing diverse and fragmented insights together in a clear, cohesive, and consistent whole [42].…”

Section: Methodsmentioning

confidence: 99%

Digital Financial Services and Strategic Financial Management: Financial Services Firms and Microenterprises in African Markets

2022

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This study highlights the impact of digital financial services as enhancing the capacity of development goals as well as social sustainability. The selected emerging markets are Ghanaian financial service providers (FSP)s and microenterprise customers (CME)s, where we examine how “Ubuntu”, an African philosophy of humanism, legitimizes spaces for a more democratic, egalitarian, and ethical engagement of human beings. This study adopts a grounded theory methodology for investigation of the phenomena with a sample size of 70 relationship managers. The findings further existing sustainability literature pertaining to social sustainability and consumer wellbeing. We contribute to theory by presenting a psychological perspective which be leveraged for digital financial services branding to expand usage within communal systems. This leverage of Ubuntu becomes especially relevant when there is the need to compensate for deficits in weak business infrastructures in low-income but expanding markets. Our study highlights digital financial services can be used to improve the emotional and psychological consumer wellbeing and to strengthen business relationships, meeting joint goals of market share expansion, brand image enhancement and profitability. This perspective also contributes to social sustainability on a global scale since the Western world depends on quality products from emerging markets.

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Section: Methodsmentioning

confidence: 99%

Digital Financial Services and Strategic Financial Management: Financial Services Firms and Microenterprises in African Markets

2022

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Disentangling the corporate effect on subsidiary performance

Andrews

Fainshmidt

Fitza

et al. 2023

Strategic Management Journal

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Research SummaryCorporate parents are important to subsidiary performance, but prior strategy research presents mixed results about the extent to which parents drive subsidiary performance differences. Drawing on the corporate strategy literature, we argue that corporate parents’ influence depends on the size of the corporate portfolio that determines subsidiaries’ access to finite corporate resources and the contextual conditions—industrial relatedness and institutional distance—that favor or constrain the applicability of said resources. We find support using a variance decomposition analysis and data on 12,336 subsidiaries of 854 multinational firms. Our study demonstrates that the corporate effect varies according to the structure of the corporate portfolio and the subsidiaries in it. We reconcile theoretical arguments and empirical findings regarding the relative importance of corporate parents to subsidiary performance.Managerial SummaryA core objective of corporate managers is understanding those channels most salient to subsidiary performance. The implicit assumption is that the corporate parent matters, but how much so remains unclear, especially since corporate parents cannot contribute equally to all subsidiaries. We demonstrate that the corporate parents of small subsidiary portfolios play a significant role in explaining subsidiary performance differences vis‐à‐vis parents of larger portfolios. We also show how this relative importance increases when subsidiaries exhibit higher industrial relatedness to and institutional distance from the parent. Our findings offer insights into the role of corporate parents in multiunit firms that operate across multiple industries and geographic locations, as well as the need to consider the heterogeneity of corporate influence within and between subsidiary portfolios.

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Beyond economic considerations: The role of socioemotional wealth in family firm foreign exit decisions

Pan,

Chen,

Wang

2024

International Business Review

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And the subsidiary lives on: Harnessing complex realities in the contemporary MNE

Cited by 9 publications

References 62 publications

Digital Financial Services and Strategic Financial Management: Financial Services Firms and Microenterprises in African Markets

Digital Financial Services and Strategic Financial Management: Financial Services Firms and Microenterprises in African Markets

Disentangling the corporate effect on subsidiary performance

Beyond economic considerations: The role of socioemotional wealth in family firm foreign exit decisions

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