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Performance Persistence under Complexity: The Role of Ownership Strategy and Linguistic & Religious Distance
thesisposted on 20.01.2021, 22:17 by ISMAIL ABDUL HAK
This thesis examined how ownership strategy (i.e. joint venture vs. wholly owned subsidiary) and contextual distance (i.e. language, ‘English proficiency’ and religion) determine how foreign subsidiaries sustain superior or mitigate inferior performance. Findings from 7,163 financial subsidiary year observations across 66 countries, revealed superior performance was sustained by joint ventures compared to wholly owned subsidiaries when the three distance variables between home and host countries were high. However, inferior performance was found to persist more for wholly owned subsidiaries than joint ventures when religious distance was high. Neither language variable was found to influence inferior performance persistence.