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Evolutionary understanding of corporate foreign investment behaviour : US foreign direct investment in Europe

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  • Hagedoorn ,John
  • Narula ,Rajneesh

    (MERIT)

Abstract

Evolutionary understanding of behaviour of firms is gradually becoming more accepted in a variety of disciplines such as economics, management and organization. Contributing to a multi-disciplinary understanding of strategic behaviour, this paper analyzes foreign direct investment strategies of US firms in Europe since the second world war. Taking routinized investment behaviour, satisficing strategies and learning economies as major building blocks of an emerging theoretical framework the analysis follows the ’lagged co-evolution’ of company investment strategies and changing international economic environments.

Suggested Citation

  • Hagedoorn ,John & Narula ,Rajneesh, 1995. "Evolutionary understanding of corporate foreign investment behaviour : US foreign direct investment in Europe," Research Memorandum 001, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:umamer:1995001
    as

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    File URL: https://www.merit.unu.edu/publications/rmpdf/1995/rm1995-001.pdf
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    References listed on IDEAS

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    Cited by:

    1. Narula, Rajneesh, 2004. "Understanding absorptive capacities in an "innovation systems" context: consequences for economic and employment growth," Research Memorandum 004, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    2. John Cantwell & Rajneesh Narula, 2001. "The Eclectic Paradigm in the Global Economy," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 8(2), pages 155-172.

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