 The Role of Management in Internalization TheoryPeter J. Buckley
Chapter 4 in Foreign Direct Investment and Multinational Enterprises, 1995, pp 47-59 from Palgrave Macmillan Abstract: Abstract Previous writings on international business theory based on the internalization paradigm have prescribed only a minor role for management decision making in determining outcomes. This is a largely a function of the provenance of internalization theory from the neo-classical theory of the firm. A great deal of progress has been made in combining institutionalist arguments into the theory of the multinational firm through the central concept of internalization but this apparently leaves management decision making to play a minor role. The following section of this paper examines the role of management in the internalization approach. The third section critically examines the criticisms of the internalization approach and finds that it is capable of considerable extension. This is exemplified on pp. 55–7 by focussing on innovation in multinational firms. Keywords: Foreign Direct Investment; International Business; Multinational Enterprise; Multinational Firm; International Business Study (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37851-3_4 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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