2020
DOI: 10.1080/10669868.2019.1708838
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The Impact of Governance Quality on Subsidiaries’ Performance: A Survey Analysis from Turkey

Abstract: We employ the quality of governance to study the impact of local institutional context on foreign subsidiaries' performance. We propose and empirically document that local institutional quality has growth-enhancing effects on subsidiary growth. More specifically, we show that political stability, government effectiveness, regulatory quality, and rule of low are positively and significantly related to subsidiaries' output. Our findings suggest that, apart from resources and market considerations, institutional … Show more

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Cited by 3 publications
(1 citation statement)
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“…This database covers Turkey’s largest 1,000 manufacturing firms, which operate in a wide variety of industry sectors. For several years, Turkey has been one of the leading emerging economies linking Southeastern Europe and the Middle East (Manolopoulos et al , 2020). Turkish firms are connected to an increasing number of firms exchanging not only goods and services but also knowledge and technology (Turker and Altuntas, 2014).…”
Section: Methodsmentioning
confidence: 99%
“…This database covers Turkey’s largest 1,000 manufacturing firms, which operate in a wide variety of industry sectors. For several years, Turkey has been one of the leading emerging economies linking Southeastern Europe and the Middle East (Manolopoulos et al , 2020). Turkish firms are connected to an increasing number of firms exchanging not only goods and services but also knowledge and technology (Turker and Altuntas, 2014).…”
Section: Methodsmentioning
confidence: 99%