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This paper examines the co-evolution of MNE activities and institutions external and internal to the firm. We develop a … theoretical framework for this analysis which draws on the more recent writings of Douglass North on institutions as a response to …-evolution of technology and institutions. We link historical changes in the character of MNE activities to changes in the …
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While economic theories of the firm have traditionally focused on the ownership of assets, the increasing use of contractual partnerships is beginning to challenge our conception of the firm by emphasizing its coordinating role. In structuring their contracts, as well as in managing the...
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