Equity Joint Ventures and the Theory of the Multinational Enterprise
作者： Paul W. Beamish , John C. Banks
DOI: 10.1057/PALGRAVE.JIBS.8490403
关键词: Economics 、 Foreign direct investment 、 International business 、 Subsidiary 、 Organizational culture 、 Finance 、 Transaction cost 、 International joint venture 、 Multinational corporation 、 Industrial organization 、 Equity (finance)
摘要: This paper extends the internalization approach to theory of multinational enterprise (MNE) include an expanded role for equity joint ventures. Using transaction cost paradigm Williamson, this explains why ventures may sometimes be preferred over wholly owned subsidiaries. Also presented is empirical work on joint-venture performance in developing countries which demonstrates that under certain conditions can optimal mode foreign direct investment.
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