Firm Configuration and Internationalisation: A Model

Peter J. Buckley and Niron Hashai
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Peter J. Buckley: University of Leeds (CIBUL)
Niron Hashai: The Hebrew University

Chapter 4 in Foreign Direct Investment, China and the World Economy, 2010, pp 25-52 from Palgrave Macmillan

Abstract: Abstract The ‘economic school’ of thought has been tremendously influential in International Business (IB) research. Scholars adhering to this school (e.g., Anderson and Gatignon, 1986; Buckley and Casson, 1976; Dunning, 1977, 1988; Hennart, 1993; Hirsch, 1976; Rugman, 1981, 1986) focus on the advantages gained from internalising the firm’s foreign activities during its international expansion. Internalisation enables the firm to minimise the cost of economic transactions by better exploiting underutilised firm-specific capabilities (e.g., managerial skills and technology), which are superior to those of indigenous competitors.

Keywords: Home Country; International Business; Foreign Market; Destination Country; Control Decision (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24832-8_4

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DOI: 10.1057/9780230248328_4

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