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    Browsing by Author Michael Hitt

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    • TVS.004706_Michael Hitt, Michael Hitt, Joseph Cheng - Theories of the Multinational Enterprise, Volume 16_ Diversity, Complexity and Relevance -JAI Pr-1.pdf.jpg
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    • Theories of the Multinational Enterprise: Diversity, Complexity and Relevance

      • Authors: Michael Hitt (2004)

    • A critical survey is presented of some of the theories that have been used to explain why multinational enterprises (MNEs) exist, with special emphasis on the transaction costs/internalization approach. The first part of the chapter discusses early capital flow and industrial organization theories in the evolution of the MNE. The second part focuses on transaction costs/internalization theories, which are now dominant theories of the MNE.