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Power Relations within multinational corporations

Research output: Chapter in Book/Report/Conference proceedingChapter in a book

Original languageEnglish
Title of host publicationHandbook of the International Political Economy of the Corporation
EditorsAndreas Nolke, Christian May
Place of PublicationCheltenham, UK
Publisher or commissioning bodyEdward Elgar Publishing
Chapter17
Pages262-278
Number of pages17
ISBN (Print)9781785362521
DOIs
DateAccepted/In press - 9 Aug 2017
DatePublished (current) - 28 Sep 2018

Publication series

NameHandbooks of Research on International Political Economy

Abstract

It is common to discuss multinationals as though they constitute a unified, single entity. This chapter unpacks that conception in two ways. Firstly it shows that multinationals have become very complex organizational entities. The nature of their internationalization varies greatly in terms of the location of their assets, their people, their supply chains and their sources of funding. The impact of financialization and the drive to minimize tax liabilities by taking advantage of tax havens and legal arbitrage has created a shadow reality based on shell offices, opaque trust funds and special purpose financial vehicles which are connected to the MNC in various ways. Secondly the chapter shows that this complexity leads to the formation of different interest groups within the MNC, especially between those actors embedded in the corporate headquarters and those in local subsidiaries. The ability of local actors to resist, adapt or conform to HQ demands drawing on a range of political and institutional resources is explored in the chapter.

    Research areas

  • Multinationals: financialization, power, conflict, institutions, embeddedness

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  • Full-text PDF (accepted author manuscript)

    Rights statement: This is the author accepted manuscript (AAM). The final published version (version of record) is available online via Edward Elgar Publishing at https://www.elgaronline.com/view/edcoll/9781785362521/9781785362521.xml . Please refer to any applicable terms of use of the publisher.

    Accepted author manuscript, 371 KB, PDF-document

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