The political hazards that host country governments pose multinational companies are multifaceted and persistent. This study focuses on the experience of the Canadian subsidiary of British retailer W.H. Smith and Son in order to examine how host country policy can influence a multinational operating in the cultural industries. While bargaining models have previously provided the principal analytical lens for analyzing the interaction between multinationals and host governments, I argue that such frameworks lack the necessary nuance in order to explain fully the interaction between the Canadian government and W.H. Smith. In order to address the intricacy of these relations, it is necessary to integrate insights from new institutional economics with conventional bargaining frameworks.

东道国政府对跨国公司构成的政治危害是多方面且持久的。这项研究集中于英国零售商WH Smith和Son的加拿大子公司的经验，以研究东道国政策如何影响文化产业中的跨国公司。虽然讨价还价模型先前为分析跨国公司与东道国政府之间的互动提供了主要的分析视角，但我认为，这样的框架缺乏必要的细微差别，无法充分解释加拿大政府与WH Smith的互动。为了解决这些关系的复杂性，有必要将新制度经济学的见解与传统的谈判框架相结合。