한국기업 해외자회사의 지식창출 결정 요인분석

Determinants of Knowledge Creation of Korean Firm s Foreign Subsidiaries -The Role of Liability of Foreignness and Strategic Orientation

Global learning of MNC subsidiaries becomes a key success factor for the evolution into the transnational. In this respect, this paper examines the influence of liability of foreignness and strategic orientation on subsidiary s global learning. Traditional studies regarded liability of foreignness as cost of foreignness introduced by internationalization process theory. Contrarily, drawing on insights gained from the benefit of liability of foreignness, this study adopts the idea that subsidiary s global learning is strongly influenced by high level of liability of foreignness. In addition, despite the strategic importance of achieving global integration and local responsiveness, there is lack of studies relating these concepts to subsidiary s global learning. Transforming global integration and local integration into global orientation and local orientation, this paper investigates the impact of strategic orientation on subsidiary s global learning. We propose three factors capturing liability of foreignness-cultural environment difference, institutional environment difference, bus mess environment difference and two factors-global orientation and local orientation. By using a sample of 61 Korean finn s foreign subsidiaries, this study empirically examines the determinants of subsidiary s global learning. The results that liability of foreignness and strategic orientation has a positive effect on subsidiary s global learning but as a moderator, subsidiary absorptive capacity has no influence on the relationship between liability of foreignness, strategic orientation and subsidiary s global learning.