Edith Penrose and a learning-based perspective on the MNE and OLI
AbstractWe apply insights from Edith Penrose’s work to extant theory of the multinational enterprise (MNE) as enveloped by John Dunning’s Ownership, Location, Internalization (OLI) Paradigm. We suggest that Penrose’s knowledge-based approach has important implications on the nature of, and the interactions between, O, L and I. Importantly, the resource/knowledge-based perspective of Penrose helps endogenize and integrate the three elements of Dunning’s triad in the context of a dynamic, strategic and forward-looking knowledge-based perspective of the MNE.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 24318.
Date of creation: 2007
Date of revision:
Publication status: Published in Management International Review 2.47(2007): pp. 207-219
Penrose; Learning; MNE; OLI;
Find related papers by JEL classification:
- L0 - Industrial Organization - - General
- M0 - Business Administration and Business Economics; Marketing; Accounting - - General
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