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Theories of the multinational firm; a multidimensional creature in the global economy.


Theories of the multinational firm; a multidimensional creature in the global economy.

Forsgren, Mats.

Edward Elgar Publishing


196 pages




Forsgren (business studies, Uppsala U., Sweden) presents six different perspectives/theories of the multinational firm that have dominated the research in international business over the past 40 years. The first three perspectives are rooted in economic theory: the Dominating multinational examines economist Stephen Hymer's foreign direct investment theory; the Coordinating multinational explores the coordination of transactions between independent firms across borders; the Knowing multinational, from the resource-based or knowledge-based view of the firm, investigates creation of firm-unique values. Inspired by organization theory, the remaining three perspectives focus on the structure and control systems of multinational firms; business network theory and specific relationships between the actors; and the multinational firm as a political rather than business actor. Forsgren concludes with comparisons of the six approaches and some critical dimensions. For undergraduate, postgraduate and MBA-level students in international business courses, and Ph.D. students.

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Publication:Reference & Research Book News
Article Type:Book review
Date:May 1, 2009
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