Wholly owned foreign subsidiary government relation-based strategies in the Philippines

Regulatory distance and performance implications

Authored by: George O. White , Thomas Hemphill

The Routledge Companion to Non-Market Strategy

Print publication date:  April  2015
Online publication date:  April  2015

Print ISBN: 9780415712316
eBook ISBN: 9781315819389
Adobe ISBN: 9781317819714

10.4324/9781315819389.ch20

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Abstract

Volatile emerging market environments such as the Philippines represent a key source of operational uncertainty for wholly owned foreign subsidiaries (WOFSs). WOFS performance outcomes can be affected by operational uncertainty associated with unpredictable and elastic policy shifts (Wan and Hillman, 2006), thereby making the conduct of doing business in the Philippines exceptionally difficult (Chung and Beamish, 2005). Such uncertainty can have serious consequences for WOFS performance outcomes since regulations established by host governments will often dominate transactions within a specific market (Rodriguez, Uhlenbruck, and Eden, 2005).

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