Exploring the impact of institutional and organizational factors on the reaction of MNCs to the global financial crisis

Brendan Boyle, Anthony McDonnell

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

This paper analyses some of the factors that impact multinational companies' (MNCs) reaction to the global financial crisis. This paper reports the results from a large-scale study of its impact on MNCs in Australia, considering occurrences of site closures, offshoring, outsourcing, labour force reductions, reductions in working hours, salary reductions, and reductions in training and travel. Evidence showed that MNC reactions varied according to certain institutional and organizational effects. For example, MNCs originating from liberal-market economies are more likely to have offshored and outsourced production and reduced employment. The implications for understanding of MNC behaviour are discussed.
Original languageEnglish
Pages (from-to)247-265
JournalAsia Pacific Business Review
Volume19
Issue number2
DOIs
Publication statusPublished - 08 Feb 2013

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