Concept information
Preferred term
subsidiary
Definition
- The term subsidiary covers a range of organizational units and subunits, be they part- or wholly owned, foreign or domestic, acquisition or spin-off, formally or informally integrated. This term does imply significant legal ownership and a measure of control from the corporate headquarters (or upper) level of the organization, although, as already implied, contemporary parlance is to allow a broader range of relationships. [Source: Encyclopedia of Business in Today's World; Subsidiary]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/subsidiary
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