Concept
international firms
Variants
Multinational Enterprises, International Corporations, Multinational Corporations
Parents
Children
Cultural ClustersEmbeddednessGlobal Value ChainMarket ComplexitySubsidiary Management
5K
Publications
431.9K
Citations
6.4K
Authors
2K
Institutions
Internalization-Driven Global Production
1976 - 1982
The late 1970s to early 1980s mark a shift toward internalization of cross-border production as the central mechanism for multinational expansion, highlighting how firms own and coordinate foreign operations to mitigate transaction costs and protect knowledge. Researchers investigate location advantages and the emergence of cross-border production networks, while host-country policies and regulatory environments are treated as salient constraints shaping MNE strategy. Methodological work blends theoretical modeling with early cross-country analyses of multinational structure and performance.
• Financial globalization and cross-border investment decision-making: multiple works assess how foreign direct investment, capital-asset structures, and integrated capital markets influence cost of capital, financing choices, and investment performance across borders [9], [6], [14], [17].
• International R&D across borders: studies trace establishment, evolution, and coordination of research and development abroad by U.S. multinationals and others, highlighting how location costs, path dependence, and coordination shape global innovation networks [4], [13], [15], [19].
• Internationalization and diversification effects on performance: papers examine how foreign operations, diversification strategies, and degree of multinationality influence growth, profitability, and risk across countries [2], [12], [14], [8], [7].
• Institutional and policy constraints: host country policies, forced divestment pressures, and regulatory environments shape multinational strategy and government–firm interactions [3], [16], [6].
• Industry structure and firm characteristics in globalization: analyses of how firm size, industry, nationality, and degree of multinationality shape expansion and profitability, with attention to large firms and developing-country entrants [18], [11], [12], [7].
Entry-Mode Internationalization
1983 - 1995
Networked Localization Paradigm
1996 - 2002
Regionally Focused Multinationals
2003 - 2009
Multiple Embeddedness Paradigm 2010-2016
2010 - 2016
Global Embedded Multinationals
2017 - 2023