MNE internal capital markets and subsidiary strategic independence

International Business Review

Volumn 8, Issue 2, 1999, Pages 197-211

  Mudambi, Ram ^a  

^a UNIVERSITY OF READING   (United Kingdom)

Author keywords

Internal capital markets; MNE subsidiary relations

Indexed keywords

EID: 0000212773     PISSN: 09695931     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0969-5931(98)00045-6     Document Type: Article

References (43)

1. Andersson, U., & Forsgren, M. (1995). Using networks to determine multinational parental control of subsidiaries. In S. J. Paliwoda, & J. K. Ryans, Jr., International marketing reader. London: Routledge.
2. Armstrong J. S., Overton T. Estimating non-response bias in mail surveys. Journal of Marketing Research. 51(7):1977;71-86.
3. Bartlett, C. A., & Ghoshal, S. (1989). Managing across borders: the transnational solution. Boston: Harvard Business School Press.
4. Bettis R. A., Hall W. K. Diversification strategy, accounting determined risk and accounting determined return. Academy of Management Journal. 25:1982;254-264.
5. Bettis R. A., Mahajan V. Risk/return performance of diversified firms. Management Science. 31(7):1985;785-799.
6. Birkinshaw J. Approaching hierarchy: a review of the literature on multinational strategy and structure. Advances in Comparative Management. 9:1994;111-144.
7. Birkinshaw J. How multinational subsidiary mandates are gained and lost. Journal of International Business Studies. 27(3):1996;467-495.
8. Birkinshaw J., Morrison A. J. Configurations of strategy and structure in multinational subsidiaries. Journal of International Business Studies. 26(4):1995;729-753.
9. Black, J. S., Gregersen, H. B., & Mendenhall, M. (1992). Global assignments: successfully expatriating and repatriating international managers. San Francisco: Jossey-Bass.
10. Buckley, P. J., & Carter, M. (1998). The economics of business process design in multinational firms. In R. Mudambi, & M. Ricketts, The organisation of the firm: international business perspectives. London: Routledge.
11. Cantwell, J. (1997). The globalisation of technology: what remains of the product cycle model? In D. Archibugi & J. Michie, Technology, globalisation and economic performance. Cambridge: Cambridge University Press.
12. Casson, M. (1987). The firm and the market: studies in multinational enterprise and the scope of the firm. Cambridge, MA: The MIT Press.
13. Casson M. Why are firms hierarchical? International Journal of the Economics of Business. 1(1):1994;47-76.
14. Chapman S. D. British-based investment groups before 1914. Economic History Review, 2nd series. 38(2):1985;459-482.
15. Chenells, L., & Griffith, R. (1997). Taxing profits in a changing world. London: Institute for Fiscal Studies.
16. Churchill, G. A. Jr. (1995). Marketing research: methodological foundations. Fort Worth, TX: The Dryden Press.
17. Coates, J. B., Davis, E. W., Longden, S. G., Stacey, R. J., & Emmanuel, C. (1993). Corporate performance evaluation in multinationals. London: CIMA.
18. D'Cruz, J. R. (1986). Strategic management of subsidiaries. In H. Etemad, & L. S. Dulude, Managing the multinational subsidiary. London: Croom Helm.
19. Doz, Y., & Prahalad, C. K. (1981). Headquarters influence and strategic control in MNCs. Sloan Management Review, Fall, 15-29.
20. Eun, C., & Resnick, B. (1998). International financial management. New York, NY and Burr Ridge, IL: Irwin-McGraw Hill.
21. Forsgren M., Holm U., Johansen J. Division headquarters go abroad - a step in the internationalization of the multinational corporation. Journal of Management Studies. 32(4):1995;475-491.
22. Forsgren, M., & Johansen, J. (1992). Managing in international multi-centre firms. In M. Forsgren, & J. Johansen, Managing networks in international business. Philadelphia: Gordon and Breach.
23. Griffiths G. Powerful selling point. Investors Chronicle. 106(1349):1993;102.
24. Gupta A., Govindrajan V. Knowledge flows and the structure of control within multinational corporations. Academy of Management Review. 16(4):1991;768-792.
25. Heberlein T. A., Baumgartner R. Factors affecting response rates to mailed questionnaires: a quantitative analysis of the published literature. American Sociological Review. 43(4):1978;447-462.
26. Holm, U. (1992). Internationalization of the second degree. Uppsala University: Published doctoral dissertation.
27. Hood N., Young S., Lal D. Strategic evolution within Japanese manufacturing plants in Europe: UK evidence. International Business Review. 3(2):1994;3-26.
28. Jensen M. Takeovers: their causes and consequences. Journal of Economic Perspectives. 2(1):1988;21-48.
29. Lamont O. Cash flow and investment: evidence from internal capital markets. Journal of Finance. 52(1):1997;83-109.
30. Lessard, D. (1985). International financial management: theory and application. 2nd ed. New York: Wiley.
31. Moore, K. (1995). A globalisation strategy for subsidiaries: subsidiary specific advantage. Management Research Papers Series MRP 95/7, Templeton College, Oxford University.
32. Mudambi R. The MNE investment location decision: some empirical evidence. Managerial and Decision Economics. 16:1995;249-257.
33. Mudambi, R., & Mudambi, S. (1997). A model of buyer-supplier relations with implications for the multinational firm. In R. Mudambi, & M. Ricketts. The organisation of the firm: international business perspectives. London: Routledge.
34. Prahalad, C. K., & Doz, Y.L. (1987). The multinational mission: balancing local demands and global vision. New York: The Free Press.
35. Roth K., Morrison A. J. Implementing global strategy: characteristics of global subsidiary mandates. Journal of International Business Studies. 23(4):1992;715-736.
36. Rugman, A. (1981). Inside the multinationals: the economics of internal markets. New York: Columbia University Press; London: Croom Helm.
37. Shapiro, A. C. (1986). Multinational financial management, 2nd ed. Boston: Allyn and Bacon.
38. Shin, H., & Stulz, R. (1996). An analysis of the divisional investment policies of diversified firms. NBER Working Paper No. 5639.
39. Stein, J. C. (1995). Internal capital markets and the competition for corporate resources. NBER Working Paper No. 5101.
40. Stein J. C. Internal capital markets and the competition for corporate resources. Journal of Finance. 52(1):1997;111-133.
41. Stevens, G. V. G. (1993). Exchange rates and foreign direct investment: a note. International Finance Discussion Papers No. 444 (April). Washington DC: Board of Governors of the Federal Reserve System.
42. Taggart, J. (1996a). Strategic management of innovation in the multinational subsidiary. Proceedings of the 23rd UK AIB Conference. Birmingham: Aston University, pp. 358-386.
43. Taggart J. Evolution of multinational strategy: evidence from Scottish manufacturing subsidiaries. Journal of Marketing Management. 12:1996;533-549.