IDEAS home Printed from https://ideas.repec.org/a/pal/jintbs/v34y2003i6p498-504.html
   My bibliography  Save this article

The evolutionary view of the MNE and the future of internalization theory

Author

Listed:
  • A Verbeke

    ([1] University of Calgary, Calgary, Alberta, Canada [2] Templeton College, University of Oxford, Oxford, England)

Abstract

Kogut and Zander's 1993 JIBS article, which developed an evolutionary perspective on the multinational enterprise (MNE), has had three critical impacts on MNE research. First, it has stimulated scholars to conduct more eclectic, empirical analyses, which should include both transaction cost related parameters, and broader learning/competence related variables. Second, it has usefully argued that the rigorous study of MNE behavior does not need to reply upon the Williamsonian, behavioral assumption of opportunism. Third, it has (implicitly) suggested a new path to be followed by internalization theory scholars, in order to remain relevant to the field of international business. The transaction cost economics lens adopted in internalization theory clearly remains critical to any analysis of MNE strategy with impacts on the boundaries of the firm. In addition, the co-evolution of the MNE's governance structure and its technological competences determines present and future strategy choices. Here, both transaction cost considerations and learning effects influence strategy selection. Journal of International Business Studies (2003) 34, 498–504. doi:10.1057/palgrave.jibs.8400062

Suggested Citation

  • A Verbeke, 2003. "The evolutionary view of the MNE and the future of internalization theory," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 34(6), pages 498-504, November.
    • Handle: RePEc:pal:jintbs:v:34:y:2003:i:6:p:498-504
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/jibs/journal/v34/n6/pdf/8400062a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/jibs/journal/v34/n6/full/8400062a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:jintbs:v:34:y:2003:i:6:p:498-504. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.