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해외 진출국 내 집적효과와 자회사의 퇴출 위험: 국제화 경험과 집적지 내 구성원 이탈의 조절효과를 중심으로

Agglomeration Effects and Subsidiary Mortality: The Moderating Roles of International Experience and Cluster Turnover

백유진
한국국제경영학회 (Korean Academy of International Business)|2021.05|국제경영연구 (International Business Journal)|제32권 제2호|pp. 107-128|DOI http://dx.doi.org/10.14365/ibj.2021.32.2.5

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참고문헌

키워드

집적효과agglomeration국제화 경험자회사 퇴출집적지 내 이탈률subsidiary mortalityinternational experiencecluster turnover
주제분류경영학

초록

본 연구는 2007~2016년까지 한국기업들의 해외진출 자료를 이용하여 해외 진출국 내 한국기업에 의한 산업집적이 한국기업의 해외자회사 퇴출에 미치는 영향을 분석하고 집적-자회사 퇴출 간 관계를 조절하는 본사 및 집적 차원의 요인들을 규명하였다. Cox의 비례 위험회귀모형의 추정결과에 따르면 한국기업에 의한 산업집적 수준은 자회사 퇴출 위험에 음(-)의 영향을 미치는 것으로 나타났다. 또한 본사의 국제화 경험은 투자지역 내 한국기업에 의한 산업집적 수준과 한국기업 자회사 퇴출 위험 감소 간 관계를 부(-)의 방향으로 조절하는 것으로 나타났다. 마지막으로 집적지 내 기업 이탈 수준은 투자지역 내 한국기업에 의한 산업집적 수준과 한국기업 자회사 퇴출 위험 감소 간 관계를 정(+)의 방향으로 조절하는 것을 확인하였다.

Abstract

Using a data set of FDIs by South Korean MNEs between 2007 and 2016, this paper examined the impact of agglomeration of Korean companies at the industry level on subsidiary mortality of Korean foreign subsidiaries. Based on Cox's proportional hazard regression analysis, we find a negative relationship between the agglomeration and subsidiary exit rates. We also find that while international experience negatively moderates the relationship between the agglomeration and subsidiary exit rates, cluster turnover positively moderates the relationship. We conclude industry-specific Korean agglomeration plays an important role in mitigating subsidiary mortality in host countries.

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