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- W2904350910 abstract "Abstract The European Monetary Union (EMU) provides a new macro‐level, institutional setting for multinational enterprises (MNEs). The authors investigate the impact of regional integration on MNE strategy by analysing Belgian firms’ entry‐mode choices in foreign markets, both EMU and non‐EMU ones, with a focus on what impact remains of country‐level risk. They demonstrate that regional integration has altered the impact of country‐level institutional risk on MNE entry‐mode choices inside the EMU. The conventional predictions of international business theory have been reversed, with higher country‐level risk inside the EMU driving a preference for wholly owned subsidiaries. Within the integrated region, insider firms now view higher country‐level risk as the equivalent of higher, micro‐level contracting risk. Such risk can best be mitigated through full internalization, combined with arm's length contracts, rather than through equity joint ventures." @default.
- W2904350910 created "2018-12-22" @default.
- W2904350910 creator A5015149061 @default.
- W2904350910 creator A5021912272 @default.
- W2904350910 creator A5085017772 @default.
- W2904350910 date "2019-01-29" @default.
- W2904350910 modified "2023-10-14" @default.
- W2904350910 title "Regional Integration, Multinational Enterprise Strategy and the Impact of Country‐level Risk: The Case of the EMU" @default.
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- W2904350910 doi "https://doi.org/10.1111/1467-8551.12326" @default.
- W2904350910 hasPublicationYear "2019" @default.
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