Abstract We employ the quality of governance to study the impact of local institutional context on foreign subsidiaries’ performance. We propose and empirically document that local institutional quality has growth-enhancing effects on subsidiary growth. More specifically, we show that political stability, government effectiveness, regulatory quality, and rule of low are positively and significantly related to subsidiaries’ output. Our findings suggest that, apart from resources and market considerations, institutional constructs should be included as influential predictors in the general models investigating subsidiary performance.

中文翻译：

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治理质量对子公司绩效的影响：土耳其的一项调查分析

摘要我们运用治理质量研究本地机构环境对外国子公司绩效的影响。我们提出并凭经验证明，地方机构质量对子公司的增长具有促进增长的作用。更具体地说，我们显示出政治稳定性，政府效力，监管质量和低级统治与子公司的产出正相关且显着相关。我们的发现表明，除了资源和市场方面的考虑外，制度结构应作为调查子公司绩效的一般模型中的有影响力的预测因素。