This book brings together the work of noted authorities in the field of multinational enterprises who explain and debate the merits of internalization theory as the new general theory of the multinational enterprise. Alternatives to internalization, such as licensing, joint ventures and other...

Most economic theory is based on the assumption that?economies grow in a linear fashion. Recessions, depressions and (financial) crises are explained?by?policy mistakes. However, economic development has historically been uneven, and this state of affairs continues today. This book argues that...

Firms are at the very heart of modern day life. This book addresses some of the gaps in the current state of the theory of the firm from an economic geography perspective: issues around the boundaries of the firm; the collective agency of the firm; the political firm, financial markets, and the...

Purpose – The purpose of this paper is to argue for the need to reconcile managerial and economic approaches of the firm. Strategic management seems to be the perfect playground for this. Design/methodology/approach – The paper shows many divergences between the economic and managerial...

Economic Foundations of Strategy provides not only the essential basic tenets of strategy, it also shows the inter-relationships of five major theories of the firm: the behavioral theory; transaction costs theory; property rights theory; agency theory; and dynamic resource-based theory.  Even...