Some Antecedents of Internalization Theory
Published on Mar 1, 2003in Journal of International Business Studies7.72
· DOI :10.1057/palgrave.jibs.8400010
This article reviews the main antecedents to Buckley and Casson's seminal volume The Future of the Multinational Enterprise (1976). In particular it considers and evaluates two main approaches to understanding the nature and function of firms viz the exchange approach and the value-added approach.