MNCs as dispersed structures of power: Performance and management implications of power distribution in the subsidiary portfolio

Multinational corporations (MNCs) are considered as dispersed structures of power, in which diverse headquarters (HQ)–subsidiary power relationships collectively influence performance and management. Yet, few studies have accounted for the subsidiary portfolio characteristics shaped by the entire set of differentiated HQ–subsidiary power relationships, and little is known about their effect on the performance and management decisions of MNCs....