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dc.contributor.authorLee, Seung-Hyunen_US
dc.contributor.authorHong, Sungjin J.en_US
dc.date.accessioned2012-06-18T21:39:10Z
dc.date.available2012-06-18T21:39:10Z
dc.date.created2010-06-26en_US
dc.date.created2009-04-22
dc.identifier.urihttp://hdl.handle.net/10735.1/2138
dc.description.abstractWould multinational corporation (MNC) subsidiaries be more profitable in host countries where corruption is less severe? Would MNC subsidiaries be more profitable in less corrupt countries if they focused on local sales? This paper examines the impact of the level of corruption on the profitability of US MNCs’ profitability in the Asia Pacific region. Using foreign direct investment (FDI) data archived by the US Bureau of Economic Analysis and corruption data reported by the World Bank, we find that MNC subsidiaries located in countries with a lower level of corruption are more profitable. In addition, MNC subsidiaries with a greater focus on local sales are more profitable when the corruption level is low. This study contributes to the literature by showing that when local sales are important to MNC subsidiaries, a lower level of corruption by host countries positively affects the profitability of the MNC subsidiaries.en_US
dc.description.urihttp://www.utdallas.edu/news/2012/5/29-18041_Profs-Studies-of-Corruption-in-Asia-are-in-Demand-_article-wide.html
dc.publisherAsia Pacific Journal of Management
dc.relation.urihttp://dx.doi.org/10.1007/s10490-010-9214-8en_US
dc.rights© Springer Verlag. The final publication is available at www.springerlink.comen_US
dc.subjectSubsidiary corporations
dc.subjectProfit
dc.subjectCorruptionen_US
dc.subjectMultinational corportationsen_US
dc.subjectBusiness ethicsen_US
dc.subjectAsia-Pacific regionen_US
dc.titleCorruption and subsidiary profitability: US MNC subsidiaries in the Asia Pacific regionen_US
dc.title.alternativeCorruption & subsidiary profitability: US MNC subsidiaries in the Asia Pacific region
dc.typeTexten_US
dc.description.versionAccepted author's manuscript
dc.type.genreArticleen_US
dc.identifier.bibliographicCitationLee, Seung-Hyun and Hong, Sungjin J. 2010. “Corruption and subsidiary profitability: US MNC subsidiaries in the Asia Pacific region.” Asia Pacific Journal of Management.en_US


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