바로가기메뉴

본문 바로가기 주메뉴 바로가기

logo

  • E-ISSN2288-2766
  • KCI

The Review on the Theory of Internationalization of Multinational Firms and SMEs

East Asian Journal of Business Economics / East Asian Journal of Business Economics, (E)2288-2766
2018, v.6 no.2, pp.49-57
https://doi.org/10.20498/eajbe.2018.6.2.49
Jae-Jin Kim

Abstract

The main issues of the studies in this period have focused on the international activities of large multinational corporations from the economic approach perspective of. Some of the established theories on internationalization were the monopolistic advantage theory, the internalization theory, and the eclectic theory (paradigm) (Ruzzier, Hisrich, Antoncic, 2006). These three theories are explained below in brief as the dominant approaches in traditional MNE studies.

keywords
Internationalization Theory, MNEs, SMEs

Reference

1.

Aharoni, Y. (1966). The foreign investment decision process. Boston, MA: Harvard Business School Press.

2.

Ahokangas, P. (1998). Internationalization and resources: An analysis of processes in Nordic SMEs. (Vaasa, Denmark: Thesis for Doctorate in Universitas Wasaensis).

3.

Alvarez, S., & Busenitz, L. (2001). The entrepreneurship of resource-based theory. Journal of Management, 27(6), 755-775.

4.

Anand, J., & Delios, A. (2002). Absolute and relative resources as determinants of international acquisitions. Strategic Management Journal, 23(2), 119–134.

5.

Andersson, S. (2000). The internationalization of the firm from an entrepreneurial perspective. International Studies of Management & Organization, 30(1), 63-93.

6.

Antoncic, B., & Hisrich, R. D. (2000). An integrative conceptual model. in Dana, L.P. (Ed.). Global Marketing Co-operation and Networks (pp.17-35), New York. NY: International Business Press.

7.

Axelsson, B., & Easton, G. (1992). Industrial networks: A new view of reality. London: Routledge.

8.

Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120.

9.

Barney, J., Wright, M., & Ketchen, D. J. Jr. (2001). The resource-based view of the firm: ten years after 1991. Journal of Management, 27(6), 625-641.

10.

Bonaccorsi, A. (1992). On the relationship between firm size and export intensity. Journal of International Business Studies, 23(4), 605-636.

11.

Buckley, P. J., & Casson, M. (1993). A theory of international operations. in Buckley, P.J., & Ghauri, P.N. (Eds). The Internationalization of the Firm: A Reader (pp.45-50), London, UK: Academic Press.

12.

Caves, R. (1971). International Corporations: The Industrial Economics of Foreign Investment. Economica New Series, 38(149), 1-27.

13.

Chiao, Y. C., Yang, K. P., & Yu, C. M. (2006). Performance, internationalization, and firm-specific advantages of SMEs in a newly-industrialized economy. Small Business Economics, 26, 475-492.

14.

Coviello, N. E., & Martin, K. (1999). An integrated perspective of SME internationalization. Journal of International Marketing, 7(4), 42–66.

15.

Coviello, N. E., & McAuley, A. (1999). Internationalization and the smaller firm: A review of contemporary empirical research. Management International Review, 39(3), 223-256.

16.

Cyert, R., & March, J. (1963). The behavioral theory of the firm. Englewood Cliffs, NJ: Prentice-Hall.

17.

Davidsson, P., & Honig, B. (2003). The role of human capital among nascent entrepreneurs. Journal of Business Venturing, 18(3), 301-331.

18.

Dunning, J. (1988). The eclectic paradigm of international production: A restatement and some possible extensions. Journal of International Business Studies, 19(1), 1–31.

19.

Foss, N. J., & Eriksen, B. (1995). Competitive advantage and industry capabilities. in Montgomery. C.A. (Ed.). Resource-based and Evolutionary Theories of the Firm: Toward a Synthesis (pp.43-69), Boston. MA : Kluwer Academic Publishers.

20.

Hoang, H., & Antoncic, B. (2003). Network-based research in entrepreneurship: A critical review. Journal of Business Venturing, 18(2), 165-187.

21.

Holmlund, M., & Kock, S. (1998). Relationships and the internationalisation of the Finnish small and medium-sized companies. International Small Business Journal, 16(4), 46-64.

22.

Hymer, S. H. (1976). The international operations of national firms: A study of direct foreign investment. Cambridge, MA: MIT Press.

23.

Jaklic, M. (1998). Internationalization strategies, networking and functional discretion. Competition & Change, 3, 359-385.

24.

Johanson, J., & Mattsson, L.-G. (1993). Internationalization in industrial systems – a network approach, strategies in global competition. in Buckley, P.J. & Ghauri, P.N. (Eds), The Internationalization of the Firm: A Reader ( pp.303-322), London: Academic Press,.

25.

Johanson, J., & Vahlne, J.-E. (1978). A model for the decision-making process of the firm. in Ghertman, M. and Leontiades, S. (Eds), European Research in International Business (pp., 12-27), New York, NY: Elsevier North-Holland.

26.

Johanson, J., & Vahlne, J.-E. (1990). The mechanism of internationalization. International Marketing Review, 7(4), 11-24.

27.

Johanson, J., & Vahlne, J.-E. (1997). The internationalization process of the firm - a model of knowledge development and increasing foreign market commitments. Journal of International Business Studies, 8(1), 23-32.

28.

Johanson, J., & Wiederscheim-Paul, F. (1975). The internationalization of the firm – four Swedish cases. Journal of Management Studies, 12(3), 305-322.

29.

Langlois, R. (1995). Capabilities and coherence in firms and markets. in Montgomery, C.A. (Ed.). Resource-Based and Evolutionary Theories of the Firm: Toward a Synthesis (pp.71-100), Boston. MA: Kluwer Academic Publishers.

30.

Lu, J. W., & Beamish, P. W. (2001). The internationalization and performance of SMEs. Strategic Management Journal, 22(6/7), 565–586.

31.

McAuley, A. (1999). Intrapreneurial instant exporters in the Scottish arts and crafts sector. Journal of International Marketing, 7(4), 67-82.

32.

McDougall, P. P., & Oviatt, B. M. (2000). International entrepreneurship literature in the 1990s and directions for future research. in Sexton, D.L. & Smillor, R.W. (Eds), Entrepreneurship 2000 (pp.291-320), Chicago. IL : Upstart Publishing.

33.

McDougall, P.P., Shane, S., & Oviatt, B. M. (1994), Explaining the formation of international new ventures: the limits of theories from international business research. Journal of Business Venturing, 9(1), 469-487.

34.

Melin, L. (1992). Internaionalization as a strategy process. Stratefic Management Journal, 13, 99-118.

35.

Penrose, E. (1959). The Theory of the growth of the firm. Oxford: Oxford University Press.

36.

Qian, G. (2002). Multinationality, product diversification, and profitability of emerging US small-and medium-sized enterprises. Journal of Business Venturing, 6(2), 44–51.

37.

Rangone, A. (1999). A resource-based approach to strategy analysis in small-medium enterprises. Small Business Economics, 12(3), 233-248.

38.

Reid, S. D. (1981). The decision-maker and export entry and expansion. Journal of International Business Studies, 12(2), 101-112.

39.

Reid, S. D. (1983). Firm internationalization, transaction costs, and strategic choice. International Marketing Review, 1(2), 45-56.

40.

Rhee, J. H. (2008). International expansion strategies of Korean venture firms. Asian Business & Management, 7(2), 95-114.

41.

Ruzzier, M., Hisrich, R., & Antoncic, B. (2006). SME internationalization research: Past, present, and future. Journal of Small Business and Enterprise Development, 13(4), 476-497.

42.

Schollhammer, H., & Kuriloff, A. (1979). Entrepreneurship and small business management. Chicester: John Wiley.

43.

Schumpeter, J. (1950). Capitalism, socialism and democracy. New York, NY: Harper.

44.

Shepherd, D. A., Ettenson, R., & Crouch, A. (2000). New venture strategy and profitability: A venture capitalist's assessment, Journal of Business Venturing, 15(5), 449-467.

45.

Shrader, R., Oviatt, B., & McDougall, B. (2000). How new ventures exploit trade-offs among international risk factors: Lessons for the accelerated internationalization of the 21st century. Academy of Management Journal, 43(6), 1227-1247.

46.

Turnbull, P. A. (1988). Challenge to the stages theory of the internationalization process. in Rosson, P.J. and Reid, S.D. (Eds). B169 Managing Export Entry and Expansion (pp.21-40). New York. NY: Praeger.

47.

Welch, L., & Luostarinen, R. (1988). Internationalization: Evolution of a concept. Journal of General Management, 14(2), 34-55.

48.

Williamson, O. E. (1975). Markets and hierarchies: Analysis and an antitrust implication. New York: The Free Press.

East Asian Journal of Business Economics