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Author Schmidt, Klaus-Dieter
Source EconStor
Content type Text
Publisher Institut für Weltwirtschaft (IfW)
File Format PDF
Copyright Year ©1995
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword Internationale Unternehmenskooperation ♦ Direktinvestition ♦ Multinationales Unternehmen ♦ Westliche Staaten ♦ Osteuropa
Abstract Economic theory suggests that multinationals have clear objectives when investing abroad. It lists a considerable number of factors which may influence the decision but it falls short of explaining them. The paper investigates how the most popular hypotheses presented in the literature perform in the light of recent experiences. It reviews a series of case studies on western multinationals which entered into a joint venture with eastern companies. It comes to the conclusion that investment decisions are governed by a bundle of overlapping motives. The benefits of geographically dispersed but well co-ordinated activities are seen in certain types of spill-overs that can only be generated in networks. These benefits can be best described as economies of scope.
Part of series Kiel Working Paper x668
Learning Resource Type Article
Publisher Date 1995-01-01
Publisher Institution ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel, Hamburg
Publisher Place Kiel
Rights Holder http://www.econstor.eu/dspace/Nutzungsbedingungen