Do regions matter? An integrated institutional and semiglobalisation perspective on the internationalization of MNEs
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1 août 2013
- handle: 10670/1.n4feqq
- hal: hal-02313035
- doi: 10.1002/smj.2051
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1002/smj.2051
Mots-clés
internationalization institutional environment semi-globalization regional strategy location of foreign subsidiariesSujets proches
Global cities Internationalization Globalisation Mechanical perspective Linear perspective Architectural perspectiveCiter ce document
Jean-Luc Arrègle et al., « Do regions matter? An integrated institutional and semiglobalisation perspective on the internationalization of MNEs », HAL-SHS : économie et finance, ID : 10.1002/smj.2051
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Résumé
Traditional research suggests a relationship between country-level institutions and the location choices of MNEs. However, more recent theory suggests MNEs also focus on regions (semiglobalization). Therefore, this study examines institutional effects in the context of semiglobalization by considering the influences of three formal institutions (i.e., regulatory control, political democracy, capital investments) of countries and geographic regions on MNEs’ location choices of internationalization. We use a sample of Japanese MNEs operating in 45 countries within eight regions. The results show that their degree of internationalization into a country is influenced by both country and regional institutional environments. Additionally, a semiglobalization perspective provides better explanatory power than does the countrylevel perspective. These results present a new perspective on how MNEs consider institutional environments in their international strategy.