safeguarded by a subsidiary board. Moreover, the effect of shared industry on subsidiary cash holdings is larger when a board is … installed in the subsidiary. Finally, the positive relation between a subsidiary's capability to innovate and to transfer … knowledge and its level of cash holdings is stronger when the subsidiary is led by U.S. expatriate CEOs. Theoretical …

In the past decades, the notion of differentiated subsidiary roles within multinational network corporations has … inspired a considerable amount of research. Surprisingly, the question of whether headquarters and subsidiary managers perceive … a certain subsidiary’s role in the same way has been neglected. Andrea Daniel not only compares headquarters and …