This paper discusses the firm-level determinants of international hotels' foreign markets entry choices, contrasting acquisition with management and franchise contracts, based on a resource-dependency perspective and appropriability theory. It points out that brand equity, relatedness of...

Multinational enterprises seem to grow in power; with their international system influence and their role in most of global economic activity and development; at the expense of state control and sovereignty. Such Multinational enterprises have benefited from the existence of international trade...