TABLE 4.
Variables | DV: Foreign subsidiary's organizational resilience (subsidiary level) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Hypotheses | Model 1 | Model 2 | Model 3 | Model 4 | Model 5 | ||||||
B | SE | B | SE | B | SE | B | SE | B | SE | ||
Subsidiary age (log) | 0.340* | 0.156 | 0.340* | 0.156 | 0.348* | 0.156 | 0.340* | 0.156 | 0.350* | 0.156 | |
Subsidiary size (log) | 0.021 | 0.030 | 0.019 | 0.030 | 0.015 | 0.031 | 0.019 | 0.031 | 0.016 | 0.031 | |
Ownership share (%) | 0.001 | 0.002 | 0.001 | 0.002 | 0.001 | 0.002 | 0.001 | 0.002 | 0.001 | 0.002 | |
Parent firm age (log) | 0.059 | 0.083 | 0.004 | 0.095 | 0.019 | 0.095 | 0.003 | 0.097 | 0.039 | 0.099 | |
Parent firm size (log) | 0.086* | 0.042 | 0.084† | 0.046 | 0.082† | 0.046 | 0.084† | 0.046 | 0.080† | 0.046 | |
Parent firm R&D intensity (%) | 0.220*** | 0.028 | 0.217*** | 0.028 | 0.201*** | 0.029 | 0.216*** | 0.028 | 0.200*** | 0.029 | |
International experience (log) | 0.176 | 0.125 | 0.193 | 0.128 | 0.182 | 0.128 | 0.192 | 0.128 | 0.184 | 0.128 | |
Cultural distance (GLOBE Kogut & Singh) | 0.204* | 0.084 | 0.210* | 0.084 | 0.212* | 0.084 | 0.211* | 0.084 | 0.211* | 0.084 | |
Host country GDP (log) | −0.021 | 0.064 | −0.021 | 0.064 | −0.021 | 0.064 | −0.021 | 0.064 | −0.024 | 0.064 | |
Host country GDP growth | −0.025 | 0.020 | −0.026 | 0.020 | −0.026 | 0.020 | −0.026 | 0.020 | −0.026 | 0.020 | |
Host country Covid‐19 case fatality rate | −0.169 | 0.109 | −0.170 | 0.109 | −0.168 | 0.108 | −0.170 | 0.109 | −0.167 | 0.107 | |
Host country confirmed Covid‐19 cases | −0.000 | 0.000 | −0.000 | 0.000 | −0.000 | 0.000 | −0.000 | 0.000 | −0.000 | 0.000 | |
Host country Covid‐19 test capacity | −0.008† | 0.005 | −0.008† | 0.005 | −0.008† | 0.005 | −0.008† | 0.005 | −0.008† | 0.005 | |
HQ global talent management | H1(+) | 0.503*** | 0.151 | 1.640*** | 0.359 | 0.604** | 0.216 | 1.579*** | 0.363 | ||
RHQ global talent development | 0.123* | 0.056 | 0.145† | 0.077 | 0.058 | 0.057 | 0.163* | 0.080 | |||
HQ–subsidiary GTM friction | −0.087* | 0.039 | −0.021 | 0.040 | −0.144* | 0.072 | −0.126† | 0.075 | |||
HQ global talent management × RHQ global talent development | H2(+) | 0.328*** | 0.089 | 0.371*** | 0.098 | ||||||
HQ global talent management × HQ–subsidiary GTM friction | H3(−) | −0.149* | 0.062 | −0.132† | 0.069 | ||||||
N | 1227 | 1227 | 1227 | 1227 | 1227 | ||||||
Pseudo R 2 | 0.110 | 0.161 | 0.210 | 0.203 | 0.254 | ||||||
−2 log‐likelihood | 1316.461 | 1846.353 | 1843.300 | 1846.351 | 1842.782 |
Notes: Unstandardized coefficients are reported, and standard errors are in parentheses. All tests are two‐tailed. Parent firm‐, business group‐, and industry‐fixed effects are included but not reported. GTM refers to global talent management.
p < 0.10.
p < 0.05.
p < 0.01.
p < 0.001.