arbitrageur

• Is International Business Good for Companies? The Evolutionary or Multi-Stage Theory of Internationalization Vs. The Transaction Cost Perspective

This paper's objective is to articulate, more precisely than has occurred in the past, the principal theory rationales underlying the Multinationality/Performance (M/P) link, by examining each claim for the negative or positive benefits of internationalization, from the lens of the theory of the firm and the multinational enterprise. A concurrent objective of this paper is to respond to critiques of MIP theory and discuss methodology and operationalization problems in empirical testing. While international expansion of a firm will not necessarily always improve performance (during the initial international expansion stage, or in cases where a firm may have over-internationalized), for the most part, over the considerable middle range of expansion, net positive benefits accrue from inter...

... abroad, and (3) as a coordinator and arbitrageur across national borders. It may be useful to begin...

• Management International Review
• Band 47 Nr. 3, Mai 2007