OLI 2.0: The OLI Is Dead. Long Live the OLI!

    Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

    Resumé

    When it comes to the debate on whether the traditional theories of MNE and foreign direct investment (FDI) are adequate to account for the rise of emerging market (EM) MNEs, our stance is that although some EM MNEs do challenge the conventional wisdom, the existing theories are still valuable as they can explain the majority of the EM MNEs; and instead of rejecting them altogether, we should modify, extend and refine them by taking into account those challenging phenomena of the EM MNEs. In this paper, we take on Dunning’s OLI paradigm and present our redefinition effort. In what we call the OLI 2.0 model, we transform Dunning’s original model of ownership-location-internalization advantages into the new model of advantages of ownership, localization, and internalization. We argue this redefined model is more more coherent than Dunning’s eclectice paradigm as a theory of FDI or MNE. We also explain that the various writings of Stephen Hymer, the intellectual father of the IB field, have covered, explicitly or implicitly, most of the ideas of the three elements of our OLI 2.0 model. Therefore, the new OLI 2.0 model can be treated as partly a rediscovery of Hymer’s insights.
    OriginalsprogEngelsk
    TitelProceedings of the 55th Annual Meeting of the Academy of International Business
    RedaktørerPatricia McDougall-Covin, Tunga Kiyak
    Udgivelses stedEast Lansing, MI
    ForlagAcademy of International Business
    Publikationsdato2013
    Sider194
    StatusUdgivet - 2013
    BegivenhedAIB 2013 Annual Meeting : Bridging the Divide: Linking IB to Complementary Disciplines and Practice - Sabancı University, Koç University, and Özyeğin University, Istanbul, Tyrkiet
    Varighed: 3 jul. 20136 jul. 2013
    Konferencens nummer: 55
    http://aib.msu.edu/events/2013/

    Konference

    KonferenceAIB 2013 Annual Meeting
    Nummer55
    LokationSabancı University, Koç University, and Özyeğin University
    LandTyrkiet
    ByIstanbul
    Periode03/07/201306/07/2013
    Internetadresse
    NavnAcademy of International Business. Annual Meeting. Proceedings
    Vol/bind55
    ISSN2078-4430

    Citer dette

    Li, X., Gammelgaard, J., & Feng, L. (2013). OLI 2.0: The OLI Is Dead. Long Live the OLI! I P. McDougall-Covin, & T. Kiyak (red.), Proceedings of the 55th Annual Meeting of the Academy of International Business (s. 194). East Lansing, MI: Academy of International Business. Academy of International Business. Annual Meeting. Proceedings, Bind. 55
    Li, Xin ; Gammelgaard, Jens ; Feng, Liyun . / OLI 2.0 : The OLI Is Dead. Long Live the OLI!. Proceedings of the 55th Annual Meeting of the Academy of International Business. red. / Patricia McDougall-Covin ; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2013. s. 194 (Academy of International Business. Annual Meeting. Proceedings, Bind 55).
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    abstract = "When it comes to the debate on whether the traditional theories of MNE and foreign direct investment (FDI) are adequate to account for the rise of emerging market (EM) MNEs, our stance is that although some EM MNEs do challenge the conventional wisdom, the existing theories are still valuable as they can explain the majority of the EM MNEs; and instead of rejecting them altogether, we should modify, extend and refine them by taking into account those challenging phenomena of the EM MNEs. In this paper, we take on Dunning’s OLI paradigm and present our redefinition effort. In what we call the OLI 2.0 model, we transform Dunning’s original model of ownership-location-internalization advantages into the new model of advantages of ownership, localization, and internalization. We argue this redefined model is more more coherent than Dunning’s eclectice paradigm as a theory of FDI or MNE. We also explain that the various writings of Stephen Hymer, the intellectual father of the IB field, have covered, explicitly or implicitly, most of the ideas of the three elements of our OLI 2.0 model. Therefore, the new OLI 2.0 model can be treated as partly a rediscovery of Hymer’s insights.",
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    series = "Academy of International Business. Annual Meeting. Proceedings",
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    Li, X, Gammelgaard, J & Feng, L 2013, OLI 2.0: The OLI Is Dead. Long Live the OLI! i P McDougall-Covin & T Kiyak (red), Proceedings of the 55th Annual Meeting of the Academy of International Business. Academy of International Business, East Lansing, MI, Academy of International Business. Annual Meeting. Proceedings, bind 55, s. 194, AIB 2013 Annual Meeting , Istanbul, Tyrkiet, 03/07/2013.

    OLI 2.0 : The OLI Is Dead. Long Live the OLI! / Li, Xin; Gammelgaard, Jens; Feng, Liyun .

    Proceedings of the 55th Annual Meeting of the Academy of International Business. red. / Patricia McDougall-Covin; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2013. s. 194 (Academy of International Business. Annual Meeting. Proceedings, Bind 55).

    Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

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    AU - Gammelgaard, Jens

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    N2 - When it comes to the debate on whether the traditional theories of MNE and foreign direct investment (FDI) are adequate to account for the rise of emerging market (EM) MNEs, our stance is that although some EM MNEs do challenge the conventional wisdom, the existing theories are still valuable as they can explain the majority of the EM MNEs; and instead of rejecting them altogether, we should modify, extend and refine them by taking into account those challenging phenomena of the EM MNEs. In this paper, we take on Dunning’s OLI paradigm and present our redefinition effort. In what we call the OLI 2.0 model, we transform Dunning’s original model of ownership-location-internalization advantages into the new model of advantages of ownership, localization, and internalization. We argue this redefined model is more more coherent than Dunning’s eclectice paradigm as a theory of FDI or MNE. We also explain that the various writings of Stephen Hymer, the intellectual father of the IB field, have covered, explicitly or implicitly, most of the ideas of the three elements of our OLI 2.0 model. Therefore, the new OLI 2.0 model can be treated as partly a rediscovery of Hymer’s insights.

    AB - When it comes to the debate on whether the traditional theories of MNE and foreign direct investment (FDI) are adequate to account for the rise of emerging market (EM) MNEs, our stance is that although some EM MNEs do challenge the conventional wisdom, the existing theories are still valuable as they can explain the majority of the EM MNEs; and instead of rejecting them altogether, we should modify, extend and refine them by taking into account those challenging phenomena of the EM MNEs. In this paper, we take on Dunning’s OLI paradigm and present our redefinition effort. In what we call the OLI 2.0 model, we transform Dunning’s original model of ownership-location-internalization advantages into the new model of advantages of ownership, localization, and internalization. We argue this redefined model is more more coherent than Dunning’s eclectice paradigm as a theory of FDI or MNE. We also explain that the various writings of Stephen Hymer, the intellectual father of the IB field, have covered, explicitly or implicitly, most of the ideas of the three elements of our OLI 2.0 model. Therefore, the new OLI 2.0 model can be treated as partly a rediscovery of Hymer’s insights.

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    Li X, Gammelgaard J, Feng L. OLI 2.0: The OLI Is Dead. Long Live the OLI! I McDougall-Covin P, Kiyak T, red., Proceedings of the 55th Annual Meeting of the Academy of International Business. East Lansing, MI: Academy of International Business. 2013. s. 194. (Academy of International Business. Annual Meeting. Proceedings, Bind 55).