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- W2911397337 abstract "The internalization theory of foreign direct investment is tested by comparing gains from foreign direct investment (FDI) and non-FDI modes of expansion. The proponents of internalization theory argue that FD1 modes ofexpansion are better since the risk of dissemination of information monopoly is less when firms expand using these modes. However, critics argue that non- FDI modes of expansion are preferable because of the high agency costs of decentralization associated with FDI modes. This slightly sheds some light on the debate by comparing thegains from FDI and non-FDI modes of expansion. The results show that obnorrnal returns to the shareholders are significantly higher when firms expand using non-FDI modes of expansion (e.g., sales, contracts, ant1 licensing) relative to FDI modes of expansion (e.g., subsidiaries, acquisitions, and joint-ventures)." @default.
- W2911397337 created "2019-02-21" @default.
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- W2911397337 date "2008-10-25" @default.
- W2911397337 modified "2023-09-23" @default.
- W2911397337 title "The Internalization Theory of Foreign Direct Investment:: Some Empirical Evidence" @default.
- W2911397337 doi "https://doi.org/10.1300/j284v02n01_05" @default.
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