“Proximity at a distance: The relationship between foreign subsidiary co-location and MNC headquarters board interlock formation”, Filip De Beule et al. (CIR, Slovenia)

Prof. dr. Andreja Jaklič from the Centre for International Relations at the Faculty of Social Sciences (University of Ljubljana, Slovenia) co-authored a scientific paper titled ‘Proximity at a distance: The relationship between foreign subsidiary co-location and MNC headquarters board interlock formation’. The paper was prepared by an international interdisciplinary group of researchers (Filip De Beule, Stefano Elia, Javier Garcia-Bernardo, Eelke M. Heemskerk, Andreja Jaklič, Frank W. Takes and Michal Zdziarski) and is published in a highly ranked scientific journal – i.e. the International Business Review (with an impact factor of 5.9 and a citation score of 8.9). Through an empirical study, the authors of the paper confirm that proximity among headquarters increases the odds of interlocking, but also find robust evidence that co-located subsidiaries increase the firms’ propensity to interlock, particularly for transnational board interlocks. They thereby address the ‘paradox of distance’ and show that the interlock between two distant MNCs can be driven by proximity to their foreign subsidiaries.

The article is available here.