Parent-firm advantages and management control effects on subsidiary performance in emerging economies: a study of foreign direct investment in Thailand

This paper empirically investigates how parent management control and firm-specific advantages (FSAs) influence subsidiary performance in Thailand. We find that parent management control has a mediating effect on the influence of political risks and subsidiary goals on subsidiary performance for emerging market multinationals, whereas for developed country multinationals, it only shows a mediating effect on the influence of subsidiary goals on...