Multinational firms in the world wine industry: an investigation into the determinants of most-favoured locations
The objective of the paper is to identify some of the determinants of foreign investment of the largest multinational enterprises (MNEs) operating in the wine industry. The list of the largest MNEs has been compiled using financial databases and company websites. The results of this study have some important implications. They indicate that location-specific advantages of host countries i.e. do provide an explication of the internationalization of firms in some preferred countries rather than others.
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