Institutions and the OLI Paradigm of the Multinational Enterprise
21 Pages Posted: 22 Oct 2009 Last revised: 26 Oct 2009
Date Written: January 19, 2008
The prevailing ownership-based theories of the firm are increasingly being challenged by new forms of organising, as exemplified by the Asian network multinational enterprise (MNE). We believe that an institutional approach, that tries to bridge both the macro and micro levels of analysis, and that encompasses both formal and informal institutions, offers a promising way to advance our understanding of the different forms of the contemporary MNE. This paper introduces a theoretical framework which draws substantially on the work of Douglass North, and examines how an institutional dimension can be incorporated into the three components of the OLI paradigm.
Keywords: MNE theory, institutions, OLI paradigm
JEL Classification: F23, D23, D83, L2
Suggested Citation: Suggested Citation