The contribution of strategic assets to MNE subsidiary performance in turbulent times

Antonios Georgopoulos, Eleftherios Angelopoulos, Elen Paraskevi Paraschi and Maria Kalogera

Global Business and Economics Review, 2024, vol. 31, issue 4, 485-504

Abstract: The study aims to investigate whether strategic assets provide a performance superiority to MNE subsidiaries in difficult times. Adopting the 'contingency- strategic asset - performance' framework, with data from a unique sample of 223 foreign MNE subsidiaries located in Greece, we examine perceived performance over the recession period 2009-2016. As hypothesised, we find that the strategic asset seeking (SAS) subsidiaries achieve a performance superiority economic during recession. We also find that they can augment their performance when operating in high-tech industries. The present study sheds light on the subsidiary performance outcome of strategic assets taking systematically into account adverse macroeconomic conditions and industry-specific factors of the host country, showing that investing in valuable assets pays off financially in turbulent times.

Keywords: MNE subsidiary performance; strategic asset seeking subsidiaries; recession; high-tech industries. (search for similar items in EconPapers)
Date: 2024
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