Subsidiary management is a core concept and research domain within corporate governance and international business scholarship that investigates the strategic oversight, coordination, and integration mechanisms utilized by parent corporations to govern their subsidiary entities. This field examines the complex interplay between group-level strategic alignment and subsidiary-level autonomy, exploring aspects such as resource flows, performance monitoring, structural configurations, and the management of diverse market environments. It is significant for understanding how multinational enterprises optimize global operations, enhance market competitiveness, and achieve synergistic value across their corporate group structure.