Dynamics of Foreign Operations Modes and Their Combinations

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Dynamics of Foreign Operations Modes and Their Combinations

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Title: Dynamics of Foreign Operations Modes and Their Combinations
Insights for International Strategic Management
Author: Benito, Gabriel R.G.; Petersen, Bent; Welch, Lawrence S.
Abstract: Companies’ choice of foreign operation modes (FOM) has been a core subject of international business studies basically from its beginning (Hymer, 1960 [1976]; Root, 1964). A halfcentury of research has brought us a set of established perspectives on companies’ foreign operation mode choices; the most important being the economics based approaches of internalisation and transaction cost theories (Anderson and Gatignon, 1986; Buckley and Casson, 1976; Hennart, 1982), evolutionary and resource based approaches (Andersen, 1997; Kogut and Zander, 1993; Madhok, 1997), institutional approaches (Kostova and Zaheer, 1999; Meyer and Peng, 2005), and process models based on learning and decision behaviour theories (Johanson and Vahlne, 1977, 2009)....
URI: http://hdl.handle.net/10398/8363
Date: 2011-11-18
Notes: Manuscript prepared for Handbook of Research in International Strategic Management, edited by Alain Verbeke and Hemant Merchant, Cheltenham, UK: Edward Elgar.

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