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

Author

Listed:
  • Antonios Georgopoulos
  • Eleftherios Angelopoulos
  • Elen Paraskevi Paraschi
  • Maria Kalogera
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.

Suggested Citation

  • Antonios Georgopoulos & Eleftherios Angelopoulos & Elen Paraskevi Paraschi & Maria Kalogera, 2024. "The contribution of strategic assets to MNE subsidiary performance in turbulent times," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 31(4), pages 485-504.
    • Handle: RePEc:ids:gbusec:v:31:y:2024:i:4:p:485-504
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