Type of Credit: Elective
Credit(s)
Number of Students
This course will cover FDI theories and theoretical foundations for new forms of multinational enterprises. We will also discuss the theory and empirical evidence on foreign market entry strategies and performance.
能力項目說明
Students will read classic literatures on FDI theories and theoretical foundations for new forms of multinational enterprises.
教學週次Course Week | 彈性補充教學週次Flexible Supplemental Instruction Week | 彈性補充教學類別Flexible Supplemental Instruction Type |
---|---|---|
The followings are approximate dates when readings will be discussed. Additional readings will be added and some of readings in the list may be taken out.
2/23
Overview and plan of the course
3/1
The Background: History of MNEs
Chandler, Alfred (1986). “The Evolution of Global Competition,” in Porter (ed.), Competition in Global Industries. Harvard Business School Press.
Theories of Foreign Direct Investment and of the Multinational Enterprise
Hennart, Jean-Francois (1982). A Theory of Multinational Enterprise. Ann Arbor: University of Michigan Press. Chapter 1.
Hymer, Stephen (1976). The International Operations of National Firms. Cambridge: MIT Press. Chapters 1, 2, and 3.
Morck, R., and Yeung, B. (1991). Why investors value multinationality. Journal of Business, 64: 165-187
Yu and Ito 1988. Oligopolistic reaction and foreign direct investment: The case of the U.S. tire and textile industries. Journal of International Business Studies, 49: 449-460.
Buckley, P., and Casson, M. (1976). The Future of Multinational Enterprise. London: Macmillan. Chapter 2.
3/15
Hennart, J.-F. (1982). A Theory of Multinational Enterprise. Ann Arbor: University of Michigan Press. Chapter 2.
Teece, David (1981). The multinational enterprise: Market failure and market power considerations. Sloan Management Review, 22(3): 3-17.
Dunning, John, and Rugman, Alan (1985). The influence of Hymer’s Dissertation on the theory of foreign direct investment. American Economic Review, May, 228-232.
3/22
Dunning, John (1988).The theory of international production. The International Trade Journal, Fall: 21-59.
Itaki, 1991. A critical assessment of the eclectic theory of the multinational enterprise. Journal of International Business Studies, 22(3): 445-460.
Buckley, P., and Casson, M. (1976). The Future of Multinational Enterprise. London: Macmillan. Chapter 2.
3/29
Hennart, J.-F. 1991. Control in multinational firms: The role of price and hierarchy. Management International Review, special issue: 71-96.
Hennart, J.-F. 1993. Explaining the swollen middle. Organization Science, 4: 529-547.
Knowledge-based view of MNEs
Kogut, B., & Zander, U. (1993). Knowledge of the firm and the evolutionary theory of the multinational corporation. Journal of international business studies, 24, 625-645.
4/5 National holiday
4/12 no class
Hennart and Park, 1994. Location, governance, and strategic determinants of Japanese manufacturing investment in the United States. Strategic Management Journal, 419-436.
Banerji and Sambharya 1996. Vertical keiretsu and international market entry: the case of the Japanese automobile ancillary industry. Journal of International Business Studies, First quarter: 89-113.
To be added
4/26 Types of Foreign Direct Investments
Silverman, Brian S. (1999). Technological resources and direction of corporate diversification: Toward an integration of the resource-based view and transaction cost economics. Management Science, 45(8): 1109-1124.
Anderson, E. and Coughlan, A. 1987. International market entry and expansion via independent or integrated channels of distribution. Journal of Marketing, 51: 71-82.
Brickley and Frederik 1987. The choice of organization form: the case of franchising. Journal of Financial Economics, 18: 401-420.
5/3 Modes of Entry
Hennart, 1991. The transaction cost theory of joint ventures: An empirical study of Japanese subsidiaries in the United States. Management Science,
Kogut, B. (1991). Joint ventures and the option to expand and acquire. Management science, 37(1), 19-33.
Tan, Danchi. (2009). Foreign market entry strategies and post-entry growth: Acquisitions vs. Greenfield investments. Journal of International Business Studies, 40(6):1046-1063.
5/10 Dynamics of FDI
Johanson and Vahlne 1977. The internationalization process of the firm. Journal of International Business Studies, 8: 23-32.
Johanson and Vahlne 1990. The mechanism of internationalization. International Marketing Review, 7: 11-24.
Johanson, J., & Vahlne, J. E. (2015). The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership. In International business strategy (pp. 33-59). Routledge.
5/17 no class
5/24 Born Global
Knight, G. A., & Cavusgil, S. T. (2004). Innovation, organizational capabilities, and the born-global firm. Journal of international business studies, 35, 124-141.
Oviatt, B. M., & McDougall, P. P. (2018). Toward a theory of international new ventures. International Entrepreneurship: The Pursuit of Opportunities across National Borders, 31-57.
Mudambi, R., & Zahra, S. A. (2007). The survival of international new ventures. Journal of International Business Studies, 38, 333-352.
Luo, Y., & Tung, R. L. (2018). A general theory of springboard MNEs. Journal of International Business Studies, 49(2), 129-152.
Mathews, J. A. (2006). Dragon multinationals: New players in 21 st century globalization. Asia Pacific journal of management, 23, 5-27.
Ramanurti. 2012. What is really different about emerging market multinationals? Global Strategy Journal, 2: 41-47.
6/7
Rugman, A. M., & Verbeke, A. (2004). A perspective on regional and global strategies of multinational enterprises. Journal of international business studies, 35, 3-18.
Rugman, A. M., & Verbeke, A. (2001). Subsidiary‐specific advantages in multinational enterprises. Strategic management journal, 22(3), 237-250.
To be added.
6/14 Presentation
Class participation and presentation 60% Term paper 40%