Foreign subsidiary
Foreign subsidiary refers to directly investing in a foreign country by setting up a separate and independent production facility or office.
Definition
According to Management by Robbins and Coulter (14th edition),
- Foreign subsidiary. Directly investing in a foreign country by setting up a separate and independent production facility or office.
According to the HRBoK Guide,
- Foreign subsidiary. A legal term defining ownership of a foreign company. A company that is more than 50 percent owned or controlled by a parent organization in another country.