文献类型：期刊文献

英文题名：Social trust in subnational regions and foreign subsidiary performance: Evidence from foreign investments in China

作者：Lu, Jane Wenzhen[1];Song, Yuanyang[2];Shan, Mengmeng[3]

机构：[1]CEIBS, Shanghai, Peoples R China;[2]East China Univ Sci & Technol, Sch Business, 130 Meilong Rd, Shanghai 200237, Peoples R China;[3]Shanghai Univ, Sch Management, Shanghai, Peoples R China

年份：2018

卷号：49

期号：6

起止页码：761

外文期刊名：JOURNAL OF INTERNATIONAL BUSINESS STUDIES

收录：;WOS:【SSCI(收录号:WOS:000450446300007)】；

基金：We would like to thank editors Ram Mudambi and Ron Boschma, and three anonymous reviewers for their valuable comments. This study was supported partially by the National Natural Science Foundation of China (Approval Nos.: 71772062, 71402097), the National Social Science Foundation of China (Approval No.: 15CGL003).

语种：英文

外文关键词：social trust; institutional theory; informal institutions; subsidiary performance; liability of outsidership; hierarchical linear modeling

摘要：Recent research suggests that subnational regions can explain the variation in foreign subsidiary performance. However, most studies either treat subnational regions as a whole or focus on formal institutions at the subnational level. This study examines how general social trust, an important dimension of informal institutions at the subnational level, affects foreign subsidiary performance. In a sample of 17,886 foreign investments in China in 2012, we find that the level of social trust in subnational regions has a positive effect on the performance of foreign subsidiaries, reducing the liability of outsidership faced by foreign subsidiaries. Our results also show that this positive effect is contingent on local embeddedness of the foreign subsidiaries. Our findings highlight the importance of incorporating informal institutions at the subnational level in examining strategies and strategy outcomes.