Heterogeneous adaptability: Learning, cash resources, and the fine-grained adjustment of misaligned governance
Research Summary: When can a firm make fine-grained adjustments to misaligned subsidiary governance? We examine whether and under what conditions a firm will adapt the equity stake it owns in a subsidiary, enabling improved alignment of the stake with the uncertainty in the local environment. We pre...
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Main Authors: | MARTIN, Xavier, CUYPERS, Ilya |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2024
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Subjects: | |
Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7261 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8260/viewcontent/SMJ_2023_Martin_Cuypers_pvoa_cc_by.pdf |
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Institution: | Singapore Management University |
Language: | English |
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