This paper demonstrates that Adam Smith’s insights and reasoning can improve the theory of international business, and shed light on its academic practices. Smith was a system builder; his theory of knowledge underpinned his entire oeuvre, and understanding his systematic approach can help...

A new fully integrated analysis of the foreign market entry decision is presented, encompassing the choice between exporting, licensing, joint venturing and wholly owned foreign investment. The choice between acquisition and greenfield investment is examined, and so too are options based on...

The strategic choice between joint ventures, licensing agreements and mergers is analysed using eight key factors suggested by internalisation theory. The model explains the increasing role of international joint ventures in the 1980s in terms of the accelerating pace of technological innovation...

The established theory of international business is not without problems. It is necessary to specify the key relationship between internalization and market structure and between internalization and competitive advantage more carefully. This paper attempts to clarify the former relationship by...

Yugoslavia's post-1965 economic policies have been directed towards opening the economy to foreign trade and encouraging inward investment in Joint Ventures. This research examines the opportunities and constraints facing Western multinational companies which invest in Joint Ventures in Yugoslav...

This paper finds that the nationality of ownership of foreign investors significantly impacts upon productivity spillover effects, revealing a curvilinear relationship with foreign direct investment on data for overseas Chinese (Hong Kong, Macau and Taiwan) multinational enterprises, but not for...