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Edith Penrose and a learning-based perspective on the MNE and OLI

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  • Pitelis, Christos

Abstract

We 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 Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 24318.

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Date of creation: 2007
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Publication status: Published in Management International Review 2.47(2007): pp. 207-219
Handle: RePEc:pra:mprapa:24318

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Related research

Keywords: Penrose; Learning; MNE; OLI;

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References

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  1. John H Dunning, 1988. "The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions," Journal of International Business Studies, Palgrave Macmillan, vol. 19(1), pages 1-31, March.
  2. John H Dunning, 1998. "Location and the Multinational Enterprise: A Neglected Factor?," Journal of International Business Studies, Palgrave Macmillan, vol. 29(1), pages 45-66, March.
  3. Pitelis, Christos N., 2004. "Edith Penrose and the resource-based view of (international) business strategy," International Business Review, Elsevier, Elsevier, vol. 13(4), pages 523-532, August.
  4. Pitelis, Christos (ed.), 2002. "The Growth of the Firm: The Legacy of Edith Penrose," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780199248520, October.
  5. Christos N. Pitelis, 2002. "Stephen Hymer: Life and the Political Economy of Multinational Corporate Capital," Contributions to Political Economy, Oxford University Press, Oxford University Press, vol. 21(1), pages 9-26, December.
  6. Dunning, John H., 2000. "The eclectic paradigm as an envelope for economic and business theories of MNE activity," International Business Review, Elsevier, Elsevier, vol. 9(2), pages 163-190, April.
  7. Bruce Kogut & Udo Zander, 1993. "Knowledge of the Firm and the Evolutionary Theory of the Multinational Corporation," Journal of International Business Studies, Palgrave Macmillan, vol. 24(4), pages 625-645, December.
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Cited by:
  1. Pitelis, Christos, 2009. "Foreign direct investment and economic integration," MPRA Paper 23938, University Library of Munich, Germany.
  2. Pitelis, Christos & Teece, David, 2010. "Cross-border Market Co-creation, Dynamic Capabilities and the Entrepreneurial Theory of the Multinational Enterprise," MPRA Paper 23301, University Library of Munich, Germany.
  3. Li, Peter Ping, 2010. "Toward a learning-based view of internationalization: The accelerated trajectories of cross-border learning for latecomers," Journal of International Management, Elsevier, Elsevier, vol. 16(1), pages 43-59, March.
  4. A. Amighini & M. Sanfilippo & R. Rabellotti, 2009. "The rise of multinationals from emerging countries. A review of the literature," Working Papers Prin, Dipartimento Scienze Economiche, Universita' di Bologna 004, Dipartimento Scienze Economiche, Universita' di Bologna.
  5. Pitelis, Christos, 2009. "Edith Penrose’s ‘The Theory of the Growth of the Firm’ Fifty Years Later," MPRA Paper 23180, University Library of Munich, Germany.

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