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Record W2765268995 · doi:10.5465/ambpp.2017.296

Host Market Corruption, Subsidiary Strategies and Market Exit

2017· article· en· W2765268995 on OpenAlexaff
Michael A. Sartor

Bibliographic record

VenueAcademy of Management Proceedings · 2017
Typearticle
Languageen
FieldSocial Sciences
TopicCorruption and Economic Development
Canadian institutionsQueen's University
Fundersnot available
KeywordsBusinessLanguage changeHost (biology)LegitimacyContext (archaeology)Market concentrationEmerging marketsSubsidiaryIndustrial organizationMultinational corporationMarket structureFinance

Abstract

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We study the relationship between host market corruption pervasiveness, the subsidiary localization strategies implemented by MNEs and the likelihood of host market exit. We assume that the pervasiveness of corruption in the host market threatens to undermine the legitimacy of foreign-investing firms in the host market environment. In this context, the strategic insights proffered by resource dependence theory (RDT) and institutional theory (IT) are characterized by distinct spatial orientations. RDT predicts that subsidiaries will implement proximal (or, host market-oriented) localization strategies in which host country partners and employees are hypothesized to be best-suited to efforts to enhance the subsidiary’s legitimacy and reduce the likelihood of host market exit. Conversely, IT suggests that distal (or, home market-oriented) localization strategies, in which subsidiaries prefer to engage home country partners and employees in the subsidiary investment, are better-suited to reducing the likelihood of exit from increasingly corrupt host market environments. Leveraging this theoretical tension, we investigate the relative efficacy of these strategies by developing competing hypotheses with respect to the moderating impact of proximal and distal localization strategies upon the likelihood of market exit in increasingly corrupt host market environments. Testing the hypotheses with a sample of 1,239 subsidiary investments in 31 countries during 1998-2005, we find that a proximally-oriented partnering strategy heightens the likelihood of market exit under conditions of more pervasive host market public corruption, but not more pervasive private corruption. Conversely, a distally-oriented expatriate staffing strategy increases the likelihood of market exit under conditions of both more pervasive public corruption and private corruption.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.698
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0010.000
Scholarly communication0.0010.002
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.037
GPT teacher head0.308
Teacher spread0.271 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2017
Admission routes1
Has abstractyes

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