Heterogeneous adaptability: Learning, cash resources, and the fine-grained adjustment of misaligned governance

• Main Authors: MARTIN, Xavier, CUYPERS, Ilya
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2024
• Subjects: adaptability; equity stakes; governance alignment; learning; resources; International Business; Strategic Management Policy
• 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
• Institution: Singapore Management University

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...