... be embedded into a local network of a host economy. It has been extensively argued (Andersson and Forsgren, 2000 ; Andersson et al., 2001) that day-to-day contacts with local customers, suppliers and other economic agents are crucial for subsidiary's development. It is expected that over time...

... on the macroeconomic impact. However, to the authors' knowledge, no academic study has examined the issue of MNE subsidiaries' responses to the crisis. Foreign direct investment Multinational companies Subsidiaries Subsidiary development Economic conditions Eastern Europe Transition economies...