跨国公司内部嵌入性对海外子公司绩效的影响:多重子公司角色的视角  

Impact of a Multinational Firm’s Internal Embeddedness on the Performance of Its Foreign Subsidiaries:The Perspective of Subsidiary Roles

作　　者：徐琦琦 王雷[1] 刘璐 Xu Qiqi;Wang Lei;Liu Lu(Glorious Sun School of Business and Management,Donghua University,Shanghai 200051)

机构地区：[1]东华大学旭日工商管理学院,上海200051

出　　处：《管理评论》2025年第1期217-228,共12页Management Review

基　　金：国家自然科学基金项目(72374041);教育部人文社会科学项目(22YJAGJW006);国家社会科学基金重点项目(23AZD017);中央高校基本科研业务费专项资金项目(CUSF-DH-D-2021065)。

摘　　要：海外子公司绩效问题在中国企业大规模“走出去”的背景下已成为国际商务研究关注的焦点,但内部嵌入性在绩效提升的过程中扮演着何种角色,已有研究并未得出统一的结论。鉴于嵌入性悖论,本研究从内部嵌入性类型出发,探讨行政嵌入和知识嵌入对海外子公司绩效的不同影响,并检验过度控制和子公司角色对上述关系的调节作用。运用SPSS210对167家中国跨国公司和197家海外子公司的双向配对数据进行实证检验,结果表明:①知识嵌入显著提升了海外子公司绩效,而行政嵌入则会降低海外子公司绩效;②过度控制削弱行政嵌入对海外子公司绩效的不利影响,而强化知识嵌入对海外子公司绩效的促进作用;③行政嵌入对创新型子公司绩效的负向影响更显著,而知识嵌入对贡献型子公司绩效的正向影响更显著;④过度控制对知识嵌入的调节作用在贡献型子公司中更积极,而对行政嵌入的调节作用在创新型和贡献型子公司中没有显著差别。研究结论对指导中国跨国公司依据不同子公司角色构建适宜的母子公司关系和治理机制,进而不断改善海外子公司绩效具有实践意义。More and more Chinese firms are reaching out overseas and the performance of their foreign subsidiaries has become a focus of international business research.However,the existing studies have not reached a consistent conclusion on the effect of internal embeddedness on foreign subsidiary performance.In order to resolve the embeddedness paradox,this study explores the different impacts of administrative embeddedness and knowledge embeddedness on foreign subsidiary performance,and further examines the moderating roles of excess control and subsidiary roles.We employ SPSS21.0 to empirically test a matching data including 197 foreign subsidiaries from 167 Chinese multinational firms.The results reveal that:(1)administrative embeddedness negatively affects foreign subsidiary performance,but knowledge embeddedness positively affects foreign subsidiary performance;(2)as the degree of excess control grows,the negative effect of administrative embeddedness on foreign subsidiary performance becomes weaker and the positive effect of knowledge embeddedness on foreign subsidiary performance becomes stronger;(3)administrative embeddedness has a more significant negative impact on the performance of innovation-oriented foreign subsidiaries,and knowledge embeddedness has a more significant positive impact on the performance of contribution-oriented foreign subsidiaries;and(4)the moderating effect of excess control in the relationship between knowledge embeddedness and foreign subsidiary performance is more positive for contribution-oriented subsidiaries,while its moderating effect in the relationship between administrative embeddedness and foreign subsidiary performance is not significantly different for innovation-oriented and contribution-oriented subsidiaries.These results can help Chinese multinational firms to formulate appropriate parent-subsidiary relationship and governance mechanism based on different foreign subsidiary roles,so as to improve their foreign subsidiary performance.

关 键 词：海外子公司绩效 行政嵌入 知识嵌入 过度控制 子公司角色 

分 类 号：F125[经济管理—世界经济] F276.7F272.5