This study combines transaction cost economics and network learning literature to examine the moderating effect of knowledge from internal versus external local supplier on subsidiary‐level intrafirm trade within multinational enterprises' (MNEs) global value chain networks. We conceptualize knowledge in a multidimensional way, disentangling it into institutional knowledge in high‐risk countries and internationalization knowledge in all countries. Empirical results from 5,660 observations of 487 Korean MNEs (1995–2013) show that MNEs' institutional knowledge with external local suppliers in high‐risk countries has a stronger negative effect on the relationship between political risk and subsidiaries' intrafirm trade integration than with internal suppliers. Internationalization knowledge from external local suppliers in all countries also has a stronger negative effect on the relationship between political risk and subsidiaries' intrafirm trade integration than with internal suppliers.

中文翻译：

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政治风险，内部与全球价值链知识以及子公司运营整合

这项研究结合了交易成本经济学和网络学习文献，研究了内部和外部本地供应商的知识对跨国企业（MNEs）全球价值链网络中子公司级公司内部贸易的调节作用。我们以多维方式对知识进行概念化，将其分解为高风险国家的机构知识和所有国家的国际化知识。对487家韩国跨国公司（1995-2013年）进行的5,660次观察的经验结果表明，跨国公司与高风险国家中的外部本地供应商的制度知识对政治风险与子公司的公司内部贸易一体化之间的关系的负面影响要比与内部供应商的负面影响更大。 。