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Caicedo Marulanda, Carolina
Mora Rodríguez, Jhon James
Barber, José Bla
Darder, Fidel León
Year of Publication: 
Series/Report no.: 
Economics Discussion Papers 2015-23
This article provides a microeconometric analysis of the distinctive characteristics of springboard subsidiaries that have a positive impact on the subsidiaries' performance. Based on panel data estimations for subsidiaries of European multinational companies with a presence in Spain, the authors found that if the subsidiary located in the springboard country is a springboard subsidiary, its performance increases by 3.6%. When the subsidiary has a technological relationship with another subsidiary, its performance increases by 1.9%. If the subsidiary that has the technological relationship is a springboard subsidiary located in a springboard country, this increases performance by 1.8%. Growth of 1% in absorption capacity increases a subsidiary's performance by 1.2%. Finally, low autonomy reduces the performance of a subsidiary by 34.4% compared to independent subsidiaries or those with a high degree of autonomy.
Microeconometric Analysis
Springboard Country
Springboard Subsidiary
Subsidiary - Specific Advantage
Firms Performance
Panel Data
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Working Paper

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