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

Dunning, John H. and Lundan, Sarianna M., Institutions and the OLI Paradigm of the Multinational Enterprise (January 19, 2008). Asia Pacific Journal of Management, Vol. 25, No. 4, 2008. Available at SSRN:

John H. Dunning

Reading University

Reading, Berkshire RG6 6AH
United Kingdom
+44 0 1491 628 602 (Phone)
+44 0 1491 628 602 (Fax)

Sarianna M. Lundan (Contact Author)

University of Bremen ( email )

FB 7
Hochschulring 4
Bremen, D-28359


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