Home Region Focus and Technical Efficiency of Multinational Enterprise
Management International Review(2012)
摘要
The transaction costs economics (TCE) perspective on regionalization suggests that multinational enterprises (MNEs) would experience advantages from regionalization and, hence, greater technical efficiency from a high home region focus (HRF). We extend this TCE perspective by proposing that whether a regional (i.e., higher HRF) or global (i.e., lower HRF) strategy leads to greater technical efficiency depends on the degree of regional integration (i.e., economic and policy) of the MNEs’ home regions. This is the first study in the regional/global strategies literature to analyze the effects of HRF and regional integration (economic and policy) on firms’ technical efficiency performance. We suggest that advantages from regionalization arise when firms align their HRF strategy with the degree of regional integration; disadvantages from regionalization can arise when the two are misaligned. Our empirical analysis on a sample of 645 manufacturing Triad MNEs during 2000–2006 provides overall support for our conceptual framework.
更多查看译文
关键词
Transaction cost economics, Technical efficiency, Home region focus, Regional economic integration, Regional policy integration, Triad multinationals
AI 理解论文
溯源树
样例
生成溯源树,研究论文发展脉络