The Power of the Buckley and Casson Thesis: The Ability to Manage Institutional Idiosyncrasies

Recent patterns of rapid internationalization in sectors characterized by strong public interest and both government and domestic capital constraints seem, at first, inconsistent with the drivers of internationalization identified by Buckley and Casson (1976) for manufacturing industries in the post...

Full description

Saved in:
Bibliographic Details
Published in:Journal of international business studies 2003-03, Vol.34 (2), p.173-184
Main Author: Henisz, Witold J.
Format: Article
Language:English
Subjects:
Business and Management
Business Strategy/Leadership
Business studies
Competitive advantage
Corporate strategies
Developing countries
Economic growth
Economic theory
Electric power industry
Electricity generation
Firm theory
Foreign direct investment
GDP
Globalization
Government
Gross Domestic Product
Host country
Industrial market
Industry
International Business
International economics
Investment strategies
Investors
LDCs
Lobbying
M. Casson
Management
Marketing
Multinational corporations
Multinational enterprises
Organization
Peter J. Buckley
Political economy
Political institutions
Political risk
Politics
Privatization
R&D
Research & development
Studies
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Recent patterns of rapid internationalization in sectors characterized by strong public interest and both government and domestic capital constraints seem, at first, inconsistent with the drivers of internationalization identified by Buckley and Casson (1976) for manufacturing industries in the postwar era. A more microanalytic perspective, however, identifies the ability to manage institutional idiosyncrasies as a firm-level capability akin to research or advertising that can drive internalization across national borders and thereby internationalization. These arguments are examined using evidence from the independent power production sector.
ISSN:0047-2506
1478-6990
DOI:10.1057/palgrave.jibs.8400015