Companies’ choice of foreign operation modes (FOM) has been a core subject of international business studies basically from its beginning (Hymer, 1960 ; Root, 1964). A halfcentury of research has brought us a set of established perspectives on companies’ foreign operation mode choices; the most important being the economics based approaches of internalisation and transaction cost theories (Anderson and Gatignon, 1986; Buckley and Casson, 1976; Hennart, 1982), evolutionary and resource based approaches (Andersen, 1997; Kogut and Zander, 1993; Madhok, 1997), institutional approaches (Kostova and Zaheer, 1999; Meyer and Peng, 2005), and process models based on learning and decision behaviour theories
|Udgiver||Copenhagen Business School [wp]|
|Status||Udgivet - 2011|
Manuscript prepared for Handbook of Research in International Strategic Management, edited by Alain Verbeke and Hemant Merchant, Cheltenham, UK: Edward Elgar.