“…It is therefore important for them to recognise important restrictions and tap opportunities. Source: Own compilation based on e.g., Proff and Proff (2017), D'Agostino and Santangelo (2012), Laudien and Freiling (2011), Mudambi (2011), Cantwell and Mudambi (2005), Ambos and Birkinshaw (2010), Egelhoff (2010), Adenfelt and Lagerström (2008), Mudambi and Navarra (2004), Gupta and Govindarajan (2000), Casson (1999) and Stein (1997) There is no comprehensive explanation of the management of subsidiaries or international coordination; hence, all three explanations are drawn upon. This is possible, at least in an environment having only incremental, seldom and weak changes like that of many traditional sectors such as the capital-intensive industries considered (cf.…”