Continuum of Multinational Corporations' Parenting Styles for Wholly Owned Manufacturing Subsidiaries: Between Cronus and Rhea

Abstract

The paper provides a summary of the existing literature on corporate parenting styles and discovers the missing elements in the theoretical constructs. New theoretical constructs fill the gaps. The paper presents a continuum of corporate parenting styles from pure predator’s (Cronos style) to pure benefactor (Rhea style). This paper outlines the most important factors that affect positioning a corporation on the continuum of corporate parenting styles. The most promising directions for further studies are outlined.

Keywords: multinational corporations, parenting styles, subsidiaries, value creation, value appropriation

JEL Classification: D21, D23, D24, F21, F23, L22, L23, M11