Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Pitelis, C.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

Con Pec 2000; 19:71-89
© 2000 Cambridge Political Economy Society

Article

A theory of the (growth of the) transnational firm: a Penrosean perspective

C Pitelis

Judge Institute of Management Studies and Queen's College, Cambridge, UK

Abstract

In this paper I apply a Penrosean perspective to the theory of the growth of the transnational corporation (TNC). I suggest that TNCs are the result of a dynamic interaction between endogenous factors to the firm and external opportunities and threats, as perceived by the firm's management. Trans-border geographical diversification is the result of limits to domestic expansion, failed or missing markets, perceived differential opportunities abroad, and oligopolistic interaction. The choice of institutional mode (foreign direct investment over putting out, subcontracting, licensing or exporting) is also the result of missing or failing markets, perceived differential capabilities, and oligopolistic interaction.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.