Towards a Theory of Multinational Enterprise

Neil M. Kay
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Neil M. Kay: University of Strathclyde

Chapter 8 in The Boundaries of the Firm, 1999, pp 159-175 from Palgrave Macmillan

Abstract: Abstract Since the well-documented post-war increase in the number and size of multinational enterprises, economists, marketing and management theorists have paid considerable attention to the determinants of the multinational decision. In general, early studies investigating the multinational phenomenon have concentrated on demand-side factors, such as the present size and anticipated growth rate of an overseas market, and how they impact on a firm’s decision to go international. These studies have not been successful in discriminating between the different organisational and strategic options available to the multinational enterprise; this is at least partly due to the standard neoclassical assumptions of aggregation which ignore market and technological interdependencies, and assume perfect knowledge on the part of economic decision makers.

Keywords: Inventive Activity; Market Exchange; Informational Economy; Multinational Enterprise; Corporate Strategy (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14645-1_8

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DOI: 10.1007/978-1-349-14645-1_8

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