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MNE theory and the importance of corporate governance

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posted on 2023-06-21, 06:05 authored by Roger StrangeRoger Strange
This paper makes a contribution to the theory of the multinational enterprise (MNE) and, in particular, to why firms undertake foreign direct investment (FDI) rather than alternative strategies. We first argue that it is vital to distinguish between asset-exploiting FDI and assetaugmenting FDI, as the alternative strategies available to the firm differ in each case and hence the rationales for FDI must also differ. Furthermore, given the predominance of controlling shareholders (family, State, institutional) in many firms worldwide, we stress that MNE theory should embrace consideration of the different objectives, risk attitudes and decision-making time horizons of important stakeholders.

History

Publication status

  • Published

File Version

  • Accepted version

Presentation Type

  • paper

Event name

Academy of International Business (AIB) 2016 Annual Meeting

Event location

New Orleans

Event type

conference

Event date

27-30 Jun 2016

Department affiliated with

  • Business and Management Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2016-10-31

First Open Access (FOA) Date

2016-11-14

First Compliant Deposit (FCD) Date

2016-11-14

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