Managing the Internalisation Process - A Theoretical Perspective

摘要: Internalisation theory informs us about why and when multinational enterprises (MNEs) internalise foreign operations, but has less to say how the internalisation should be prepared exercised market operations initially are carried out by local, outside agents. Drawing on insights from managerially-oriented literature, this paper explores role of management in situations where transaction costs using agents negligible at entry, grow over time. A key question pertaining situation is: what instruments may ensure persistent concurrence between changing pressure for a effectuated an MNE that market? Management strategies potentially support ‘staged internalisation’ include appropriation local agent’s financial assets (including equity) as well non-financial relation user rights, customer relations, value added activities. JEL CODES: F23, L22, M21 .