This paper provides a microeconometric analysis of the distinctive characteristics of springboard subsidiaries that have a positive impact on the subsidiaries' performance. Based on panel data estimations for subsidiaries of European multinational companies with a presence in Spain, the authors...

Globalisation is forcing companies to reshape their boundaries and causing business leaders to rethink corporate strategies within the firm. It is creating the basis for new ways of doing international business. The effects of this global interdependence are also being felt at the more aggregate...