The internalisation theory of the multinational enterprise: past, present and future

with Peter J. Buckley

Chapter 5 in Global Business, 2023, pp 94-116 from Edward Elgar Publishing

Abstract: This chapter presents an agenda for extending the theory of international business in order to explain a wider range of phenomena. This, however, has to be done with due attention to the requirements of good social science theory. Relevant criteria are set out, together with a list of issues that new theory must address. Theory needs to focus on industries as well as firms, and make greater use of formal multi-actor models. ‘Generalizing from the particular’ should be avoided; theory needs to be derived from general social science principles that have proved successful in cognate disciplines.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2023
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