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Problems and Developments in the Core Theory of International Business

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  • Peter J Buckley

    (University of Bradford)

Abstract

The established theory of international business is not without problems. It is necessary to specify the key relationship between internalization and market structure and between internalization and competitive advantage more carefully. This paper attempts to clarify the former relationship by reference to the work of Hymer and the latter by contrasting the nature of internalization decisions with those building short-run competitive advantage. Avenues of development of the theory include the integration of nontraditional concepts and the reintegration of areas of research that have become divorced from core international business theory.© 1990 JIBS. Journal of International Business Studies (1990) 21, 657–665

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  • Peter J Buckley, 1990. "Problems and Developments in the Core Theory of International Business," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 21(4), pages 657-665, December.
    • Handle: RePEc:pal:jintbs:v:21:y:1990:i:4:p:657-665
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    Cited by:

    1. Chandra, Ramdas & Newburry, William, 1997. "A cognitive map of the international business field," International Business Review, Elsevier, vol. 6(4), pages 387-410, August.
    2. Anne Touboulic & Lucy McCarthy & Lee Matthews, 2020. "Re‐imagining supply chain challenges through critical engaged research," Journal of Supply Chain Management, Institute for Supply Management, vol. 56(2), pages 36-51, April.
    3. Iavor Marangozov, 2005. "From Practice to Theory of the International Joint Ventures," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 44-77.
    4. Watson, Sharon & Weaver, Gary R., 2003. "How internationalization affects corporate ethics: formal structures and informal management behavior," Journal of International Management, Elsevier, vol. 9(1), pages 75-93.
    5. Md. Shakib Hossain & Md. Shahin Kamal & Md. Rubaeth Halim & Nurul Mohammad Zayed, 2019. "Inward Foreign Direct Investment and Welfare Nexus: The Impact of Foreign Direct Investment on Welfare in Developing Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 9(4), pages 228-240.
    6. Peter J. Buckley, 1993. "Contemporary Theories of International Direct Investment," Revue Économique, Programme National Persée, vol. 44(4), pages 725-736.
    7. Tang, Ryan W. & Buckley, Peter J., 2022. "Outward foreign direct investment by emerging market multinationals: The directionality of institutional distance," Journal of Business Research, Elsevier, vol. 149(C), pages 314-326.
    8. De Beule, Filip & Van Den Bulcke, Daniel, 2009. "Retrospective and prospective views about the future of the multinational enterprise," International Business Review, Elsevier, vol. 18(3), pages 215-223, June.
    9. Tsun Se Cheong & Andy W. W. Cheng & Victor J. Li, 2019. "Evolutionary Trend Of Foreign Investment In China: A Combined Decomposition And Transitional Dynamics Approach," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(04), pages 1037-1055, September.
    10. Bell, J.H.J., 1996. "Joint or Single Venturing? : An Electric Approach to Foreign Entry Mode Choice," Other publications TiSEM 06f84735-3cf5-432f-8bc8-c, Tilburg University, School of Economics and Management.
    11. Siddharthan, N. S., 1998. "Differential behaviour of the Japanese affiliates in the Indian automobile sector," Japan and the World Economy, Elsevier, vol. 10(1), pages 97-109, January.
    12. Krug, Jeffrey A. & Nigh, Douglas, 1998. "Top management departures in cross-border acquisitions: Governance issues in an international context," Journal of International Management, Elsevier, vol. 4(4), pages 267-287, December.
    13. Fariza Hashim, 2012. "Outward Internationalization And Fdi: Motives For Malaysian Mnes Moving Into China," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 3(2), pages 89-102.
    14. Buckley, Peter J., 2006. "Stephen Hymer: Three phases, one approach?," International Business Review, Elsevier, vol. 15(2), pages 140-147, April.
    15. Nicolai Foss, 2006. "Knowledge and Organization in the Theory of the Multinational Corporation: Some Foundational Issues," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 10(1), pages 3-20, March.
    16. Stephanie Lu Wang & Dan Li, 2019. "Responding to public disclosure of corporate social irresponsibility in host countries: Information control and ownership control," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(8), pages 1283-1309, October.
    17. Lindström, Maarit, . "Locational Sources of Competitiveness: Finnish Companies' International Business Operations in the Baltic Sea Region," ETLA A, The Research Institute of the Finnish Economy, number 37.
    18. Borsos-Torstila, Julianna, . "The Determinants of Foreign Direct Investment Operations of Finnish MNCs in Transition Economies 1990-1995," ETLA A, The Research Institute of the Finnish Economy, number 28.
    19. Fetscherin, Marc & Voss, Hinrich & Gugler, Philippe, 2010. "30 Years of foreign direct investment to China: An interdisciplinary literature review," International Business Review, Elsevier, vol. 19(3), pages 235-246, June.
    20. HERCIU Mihaela & OGREAN Claudia, 2018. "Business Sustainable Competitiveness – A Synergistic, Long-Run Approach Of A Company’S Resources And Results," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(3), pages 26-44, December.
    21. Ajai S Gaur & Chinmay Pattnaik & Deeksha Singh & Jeoung Yul Lee, 2019. "Internalization advantage and subsidiary performance: The role of business group affiliation and host country characteristics," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(8), pages 1253-1282, October.
    22. Jiang, Fuming & Stening, Bruce W., 2013. "Do indigenous firms incur a liability of localness when operating in their home market? The case of China," Journal of World Business, Elsevier, vol. 48(4), pages 478-489.
    23. Jiatao Li & Haoyuan Ding & Yichuan Hu & Guoguang Wan, 2021. "Dealing with dynamic endogeneity in international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(3), pages 339-362, April.
    24. Luisa Gagliardi & Simona Iammarino, 2018. "Innovation in risky markets: ownership and location advantages in the UK regions," Journal of Economic Geography, Oxford University Press, vol. 18(5), pages 1177-1201.
    25. Mamoun Benmamoun & Kevin Lehnert, 2013. "Financing Growth: Comparing The Effects Of Fdi, Oda, And International Remittances," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(2), pages 43-65, June.

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