We are pleased that Dunning et al. have provided macro (country) level data demonstrating the increased internationalization of many nations over the past decade. We also appreciate their findings lending support to our perspective on the regional nature of world business. Our work was based...

This paper assesses the continued relevance of Buckley and Casson's (1976) book on The Future of the Multinational Enterprise (MNE), against a background of increasing criticism of transaction-cost-related scholarly work. We demonstrate that the ‘schism’ that can currently be observed in the...

This paper analyzes the interactions between international environmental policy and multinational corporate strategy. The main contribution is building a new conceptual framework to analyze the type of corporate strategy developed in the presence of both national an international environmental...

International acquisitions intended to achieve knowledge transfers and improvements of innovation capacity can only be successful if the acquirer devotes balanced attention to (a) building a unified social community and (b) achieving requisite commonality in dominant logic. The balance between...

Modern transaction cost economics (TCE) thinking has developed into a key intellectual foundation of international business (IB) research, but the Williamsonian version has faced substantial criticism for adopting the behavioral assumption of opportunism. In this paper we assess both the...

Most current research on technology alliances assumes that trading partners are free to select an optimal governance structure. However, for international scientific research centers working with advanced technologies, the choices for industrial collaboration are often limited to short-term...

We are grateful to Osegowitsch and Sammartino for their critical analysis of our work on the regional and global strategies of multinational enterprises (MNEs). In this response, we demonstrate that changing the quantitative thresholds for classifying MNEs as global vs non-global has no bearing...

Most current research on technology alliances assumes that trading partners are free to select an optimal governance structure. However, for international scientific research centers working with advanced technologies, the choices for industrial collaboration are often limited to short-term...

The interaction between governments and multinational enterprises is analyzed using a new conceptual framework. This captures the key aspects of Richard Caves′ “normative” and “behavioral” approaches to the literature, but also develops a more contemporary “strategic” approach. Our...

This article assesses the extent to which the results of Bartlett and Ghoshal's [1989] work can be incorporated in what has now become one of the core explanations of multinational strategic management, i.e., the transaction cost-based theory of international production. We demonstrate that the...