다국적 기업 해외 자회사의 현지 경험과 인력 현지화가 노동 생산성에 미치는 비선형적 효과: 한국기업의 중국 자회사를 대상으로

Abstract

Purpose

This study explores the link between the characteristics of MNE subsidiaries and their performance. Previous studies on subsidiaries’ performance have mostly focused on the linear relationship, while this study hypothesizes the non-linear effects of MNE subsidiaries’ local experience and staffing localization on their labor productivity.

Design/Methodology/Approach

Using a panel data set of the Chinese subsidiaries of Korean firms from the Export-Import Bank of Korea from 2006 to 2013, the hypotheses are tested. 1,421 subsidiaries (4,946 observations) are used for final analysis.

Findings

The results of the fixed effect panel analysis show the inverted u-shaped relationship between explanatory variables and labor productivity. Moreover, the non-linear effect of local experience is less profound in larger firms.

Research Implications

Unlike existing studies based on linear models, this study indicates the nonlinear effects of the local experience and staffing localization on labor productivity. For practical implications, these findings suggest the need to balance the strategy between global integration and local responsiveness pressure