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The global recession and the shift to re-shoring: Myth or reality?

机译:全球经济衰退和向外包的转移:神话还是现实?

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摘要

Despite the high degree of attention that re-shoring has recently attracted in the media, we lack detailed understanding of the drivers of such an important strategic change by a multinational enterprise (MNE). We offer the first large-scale analysis of the factors that influence a firm's decision to re-shore. Our analysis is based on 3683 MNEs from 14 developed countries investing in 66 host countries over the period 2006-2013. Our results suggest that increased re-shoring was triggered by the downturn in the West resulting from the recent global financial crisis. However, our results show that the effect of the global financial crisis on re-shoring is smaller when the distance between parent and subsidiaries becomes larger. In turn, as distance increases, the importance of relative costs declines in explaining re-shoring activity. Finally, MNEs who have engaged in re-shoring in the past are more likely to re-shore again.
机译:尽管最近重新媒体吸引了媒体的高度关注,但我们对跨国企业(MNE)如此重要的战略变革的驱动因素缺乏详细的了解。我们将对影响公司重新选择业务的因素进行首次大规模分析。我们的分析是基于2006至2013年间来自14个发达国家的3683家跨国企业在66个东道国进行投资。我们的结果表明,由于最近的全球金融危机导致的西方衰退引发了重新外包的增加。但是,我们的结果表明,当母公司与子公司之间的距离变大时,全球金融危机对重新寄售的影响就较小。反过来,随着距离的增加,相对成本的重要性在解释再迁移活动中的重要性下降。最后,过去参与过重新支持的跨国公司更有可能再次重新入驻。

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