Asmussen, Christian Geisler and Foss, Nicolai J. (2014) Competitive advantage and the existence of the multinational corporation : earlier research and the role of frictions. Global Strategy Journal, 4 (1). pp. 49-54. doi:10.1111/j.2042-5805.2013.01068.x ISSN 2042-5791.

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Abstract

This article provides a counterpoint to Hashai and Buckley's article ‘Is competitive advantage a necessary condition for the emergence of the multinational enterprise?’ We agree with their conclusion that it is, in fact, not a necessary condition, but argue that the theoretical reasons behind this are different and more diverse than the ones they propose. We suggest that much extant economic theory is, in fact, consistent with their view that firms may internationalize without owning or achieving competitive advantages, and we model various other ways in which imperfections can drive their overall result. We strongly applaud Hashai and Buckley's attempt to add more rigor to international business theory and call for future work to extend this debate.

Item Type:	Journal Article
Divisions:	Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Global Strategy Journal
Publisher:	John Wiley & Sons Ltd.
ISSN:	2042-5791
Official Date:	February 2014
Dates:	Date Event February 2014 Published 7 February 2014 Available
Volume:	4
Number:	1
Page Range:	pp. 49-54
DOI:	10.1111/j.2042-5805.2013.01068.x
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access

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