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Introduction and Overview

In: Multinational Corporate Evolution and Subsidiary Development

Author

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  • Julian Birkinshaw
  • Neil Hood

Abstract

Large multinational corporations (MNCs) have aroused the curiosity of researchers for many decades. While the MNC phenomenon can be defined remarkably simply — a firm that controls production assets in more than three countries, for example — its implications are far-reaching. A subfield of economics has grown up around the observation that the raison d’être of MNCs is their ability to internalise international transactions (Hymer, 1960/1976). In political economics, MNCs constitute a fundamental challenge to principles of national sovereignty (Servan-Schreiber, 1967). And in the field of management, MNCs represent the special case of organisations that span heterogeneous organisational environments (Westney, 1994).

Suggested Citation

  • Julian Birkinshaw & Neil Hood, 1998. "Introduction and Overview," Palgrave Macmillan Books, in: Julian Birkinshaw & Neil Hood (ed.), Multinational Corporate Evolution and Subsidiary Development, chapter 1, pages 1-19, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26467-4_1
    DOI: 10.1007/978-1-349-26467-4_1
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    Cited by:

    1. Alarik, Björn, 2000. "From M-form to N-form: The Structure of Multinational Corporations," FE rapport 2000-378, University of Gothenburg, Department of Business Administration.

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