한국 다국적기업의 해외자회사 통제수준 결정요인에 관한 실증분석: 중국 진출 한국 기업의 전략 요인과 자회사 역량을 중심으로

Headquarter’s control over their foreign subsidiaries remains an ongoing and central academic task for international business scholars. MNCs’ mangers consider autonomy or control over their subsidiaries as a strategic management because most foreign subsidiaries face not only internal integration but also local responsiveness that is conflicting with each other. This study establishes integrated research model and investigates the determinants of firms’ control level over their foreign subsidiaries. Most previous studies just have measured control level without classifying operational issues and strategic issues. As a result of this limitation, the determinants of control level have shown inconclusive results. Therefore, this study analyzes the determinants of control level by measuring operational issues and strategic issues separately and tries to investigate new variables. This study considers the determinants of control level as HQ factors(corporate strategy and motivation of investment), subsidiary’s factors(absorptive capacity and local embeddedness)by using resource dependence theory and bargaining power theory. The findings of this study show that a parent firm tends to impose low level of control over its subsidiary when the parent firm uses multidomestic strategy, and when a subsidiary has high level of absorptive capacity. And a subsidiary tend to be imposed low control level when it has high level of local embeddedness.