Introduction and Overview

Julian Birkinshaw and Neil Hood

Chapter 1 in Multinational Corporate Evolution and Subsidiary Development, 1998, pp 1-19 from Palgrave Macmillan

Abstract: Abstract Large multinational corporations (MNCs) have aroused the curiosity of researchers for many decades. While the MNC phenomenon can be defined remarkably simply — a firm that controls production assets in more than three countries, for example — its implications are far-reaching. A subfield of economics has grown up around the observation that the raison d’être of MNCs is their ability to internalise international transactions (Hymer, 1960/1976). In political economics, MNCs constitute a fundamental challenge to principles of national sovereignty (Servan-Schreiber, 1967). And in the field of management, MNCs represent the special case of organisations that span heterogeneous organisational environments (Westney, 1994).

Keywords: Foreign Direct Investment; Host Country; Multinational Corporation; Foreign Subsidiary; Subsidiary Strategy (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26467-4_1

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DOI: 10.1007/978-1-349-26467-4_1

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