A microeconometric analysis of the springboard subsidiary: The case of Spanish firms

Carolina Caicedo Marulanda, Jhon Mora Rodriguez (), José Bla Barber and Fidel León Darder

No 2015-23, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This article provides a microeconometric analysis of the distinctive characteristics of springboard subsidiaries that have a positive impact on the subsidiaries' performance. Based on panel data estimations for subsidiaries of European multinational companies with a presence in Spain, the authors found that if the subsidiary located in the springboard country is a springboard subsidiary, its performance increases by 3.6%. When the subsidiary has a technological relationship with another subsidiary, its performance increases by 1.9%. If the subsidiary that has the technological relationship is a springboard subsidiary located in a springboard country, this increases performance by 1.8%. Growth of 1% in absorption capacity increases a subsidiary's performance by 1.2%. Finally, low autonomy reduces the performance of a subsidiary by 34.4% compared to independent subsidiaries or those with a high degree of autonomy.

Keywords: Microeconometric Analysis; Springboard Country; Springboard Subsidiary; Subsidiary - Specific Advantage; Firms Performance; Panel Data (search for similar items in EconPapers)
JEL-codes: C23 D22 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-eff
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http://www.economics-ejournal.org/economics/discussionpapers/2015-23
https://www.econstor.eu/bitstream/10419/109220/1/822203367.pdf (application/pdf)

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Journal Article: A microeconometric analysis of the springboard subsidiary: The case of Spanish firms (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201523

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