This paper investigates how management practices as intangible transfers are associated with the performance of multinational business groups. Differences in the management level across source countries are predictive for multinationals’ investment patterns for a given destination country. This study argues that acquisitions are a means to transplant management practices from parents to affiliates abroad. It finds that better-managed parents decrease employment and increase productivity post-acquisition. The productivity gains are driven by targets with less-developed management practices and by targets of larger parents. Better-managed parents are also more likely to install or retain a manager from the parent country post-acquisition.

中文翻译：

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管理实践在收购和 FDI 选址决策中的作用

本文研究了作为无形转移的管理实践如何与跨国企业集团的绩效相关联。来源国之间管理水平的差异可以预测跨国公司对给定目的地国的投资模式。本研究认为，收购是将管理实践从父母移植到国外分支机构的一种手段。它发现管理得更好的父母在被收购后会减少就业并提高生产力。生产力的提高是由管理实践欠发达的目标和较大的父母的目标推动的。管理更好的父母也更有可能在收购后从母国任命或保留经理。