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A Critical View of Theories of the Multinational Enterprise

In: The Economic Theory of the Multinational Enterprise


  • Peter J. Buckley


It is conventional to trace the origins of the modern theory of the multinational firm to the doctoral dissertation by Stephen Hymer, written in 1960 and eventually published in 1979. The strands of the theory, however, go back much further, to Coase (1937), Kaldor (1937) and Robinson (1931, 1934). More immediately, Hymer drew heavily on the work of Bain (1956) and Dunning (1958). Current developments suggest a trend towards a general theory of the firm, encompassing the multinational enterprise as a special case (Buckley, 1983).

Suggested Citation

  • Peter J. Buckley, 1985. "A Critical View of Theories of the Multinational Enterprise," Palgrave Macmillan Books, in: The Economic Theory of the Multinational Enterprise, chapter 1, pages 1-19, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-05242-4_1
    DOI: 10.1007/978-1-349-05242-4_1

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    Cited by:

    1. Henk Kox, 2001. "Exposure of the business services industry to international competition," CPB Document 10.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    2. Clegg, Jeremy & Lin, Hsin Mei & Voss, Hinrich & Yen, I-Fan & Shih, Yi Tien, 2016. "The OFDI patterns and firm performance of Chinese firms: The moderating effects of multinationality strategy and external factors," International Business Review, Elsevier, vol. 25(4), pages 971-985.
    3. Michael Nippa & Jeffrey J Reuer, 2019. "On the future of international joint venture research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(4), pages 555-597, June.
    4. Elango, B., 1998. "An empirical examination of the influence of industry and firm drivers on the rate of internationalization by firms," Journal of International Management, Elsevier, vol. 4(3), pages 201-221, November.
    5. P N O'Farrell & P A Wood, 1998. "Internationalisation by Business Service Firms: Towards a New Regionally Based Conceptual Framework," Environment and Planning A, , vol. 30(1), pages 109-128, January.
    6. Apostolov Mico & Scagnelli Simone Domenico, 2019. "Foreign-Versus Domestic-Owned firms in the Predicament ‘Cui bono?’," Business Systems Research, Sciendo, vol. 10(2), pages 18-36, September.
    7. Hearn, Bruce & Oxelheim, Lars & Randøy, Trond, 2023. "The influence of business groups on board composition in offshore financial multinational enterprises," International Business Review, Elsevier, vol. 32(3).
    8. Elizabeth Webster, 2002. "Intangible and Intellectual Capital: A Review of the Literature," Melbourne Institute Working Paper Series wp2002n10, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    9. Chris Wagner, 2020. "Deducing a state-of-the-art presentation of the Eclectic Paradigm from four decades of development: a systematic literature review," Management Review Quarterly, Springer, vol. 70(1), pages 51-96, February.
    10. Cleeve, Emmanuel A. & Debrah, Yaw & Yiheyis, Zelealem, 2015. "Human Capital and FDI Inflow: An Assessment of the African Case," World Development, Elsevier, vol. 74(C), pages 1-14.


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