BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Trąpczyński Piotr (Poznań University of Economics, Poland)
Does foreign direct investment theory explain subsidiary performance? : a critical literature review
The Poznań University of Economics Review, 2013, vol. 13, nr 2, s. 47-64, tab., rys., bibliogr. 76 poz.
Słowa kluczowe
Inwestycje zagraniczne, Inwestycje bezpośrednie, Przedsiębiorstwo wielonarodowe, Wydajność pracy
Foreign investment, Direct investments, Multinational enterprise, Labour efficiency
Theoretical models explaining foreign direct investment (FDI) have sought to address the "why" and "how" of the international expansion of firms. However, while it has been argued that performance is central to international business research, this is not entirely reflected by extant theory. This paper aims to critically analyse references that FDI theories make in regards to foreign subsidiary performance. An analytical framework is proposed and subsequently applied to evaluate extant empirical findings. Discussion points to the highly fragmentary character of FDI theories and the heterogeneity of empirical results, as well as an inadequate inclusion of FDI motives. The paper ends up with several recommendations for future empirical studies. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
  1. Aliber, R.Z., 1971, The Multinational Enterprise in a Multiple Currency World, in: Dunning, J.H. (ed.), The Multinational Enterprise, George Allen & Unwin, London, pp. 49-56.
  2. Barney, J.B., 1991, Firm Resources and Sustained Competitive Advantage, Journal of Management, vol. 17, no. 1, pp. 99-120.
  3. Benito, G.R.G., Tomassen, S., 2003, The Micro-Mechanics of Foreign Operations'Performance: An Analysis Based on the OLI Framework, in: Cantwell, J., Narula, R. (eds.), International Business and the Eclectic Paradigm: Developing the OLI Framework, Routledge, New York, London, pp. 174-199.
  4. Bevan, ?., Estrin, S., Meyer, K., 2004, Foreign Investment Location and Institutional Development in Transition Economies, International Business Review, vol. 13, pp. 43-64.
  5. Brouthers, K.D., 2002, Institutional, Cultural and Transaction Cost Influences on Entry Mode Choice and Performance, Journal of International Business Studies, vol. 33, no. 2, pp. 203-221.
  6. Brouthers, K.D., Brouthers, L.E., Werner, S., 2003, Transaction Cost-Enhanced Entry Mode Choices and Firm Performance, Strategic Management Journal, vol. 24, pp. 1239-1248.
  7. Brouthers, K.D., Brouthers, L.E., Werner, S., 2008, Resource-Based Advantages in an International Context?, Journal of Management, no. 34, pp. 189-217.
  8. Buckley, P. J., Casson, M.C., 1976, The Future of Multinational Enterprises, MacMillan, London.
  9. Chan, G, Isobe, T., Makino, S., 2008, Which Country Matters? Institutional Development and Foreign Affiliate Performance, Strategic Management Journal, vol. 29, pp. 1179-1205.
  10. Chan, P.S., 1995, International Joint Ventures vs. Wholly Owned Subsidiaries, Multinational Business Review, vol. 3, no. 1, pp. 37-44.
  11. Chiao, Y.-C., Yu, C.-M.J., Li, P.-Y., Chen, Y.-C., 2008, Subsidiary Size, Internationalization, Product Diversification and Performance in an Emerging Market, International Marketing Review, vol. 25, no. 6, pp. 612-633.
  12. Chung, C.C., Beamish, P.W., 2005, The Impact of Institutional Reforms on Characteristics and Survival of Foreign Subsidiaries in Emerging Economies, Journal of Management Studies, vol. 42, no. 1, pp. 35-62.
  13. Delios, ?., Beamish, P.W., 2001, Survival and Profitability: The Roles of Experience and Intangible Assets in Foreign Subsidiary Performance, Academy of Management Journal, vol. 44, no. 5, pp. 1028-1038.
  14. Delios, ?., Xu, D., Beamish, P.W., 2008, Within-Country Product Diversification and Foreign Subsidiary Performance, Journal of International Business Studies, vol. 39, no. 4, pp. 706-724.
  15. Demirbag, M., Tatoglu, E., Glaister, K.W., 2007, Factors Influencing Perceptions ofPerformance. The Case of Western FDI in an Emerging Market, International Business Review, vol. 16, pp. 310-336.
  16. Dikova, D., 2009, Performance of Foreign Subsidiaries: Does Psychic Distance Matter?, International Business Review, vol. 18, pp. 38-49.
  17. Dunning, J.H., 1988, The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions, Journal of International Business Studies, vol. 19, no. Ι,ρρ. 1-31.
  18. Dunning, J.H., 1993, Multinational Enterprises and the Global Economy, Addison-Wesley Publication Company, Harlow.
  19. Dunning, J.H., 1995, Reappraising the Eclectic Paradigm in an Age of Alliance Capitalism, Journal of International Business Studies, vol. 26, no. 3, pp. 461-491.
  20. Dunning, J.H., 1998, Location and the Multinational Enterprise: A Neglected Factor?, Journal of International Business Studies, vol. 29, no. 1, pp. 45-66.
  21. Dunning, J.H., 2001, The Eclectic (OLI) Paradigm of International Production: Past, present and Future, International Journal of the Economics of Business, vol. 8, no. 2, pp. 173-190.
  22. Dunning, J.H., 2005, Institutional Reform, Foreign Direct Investment and European Transition Economies, in: Grosse, R.E. (ed.), International Business and Government relations in the 21st Century, Cambridge University Press, Cambridge.
  23. Dunning, J.H., Kim, C., Park, D., 2008, Old Wine in the New Bottles: A Comparison of Emerging-market TNCs Today and Developed-country TNCs Thirty Years Ago, in: Sauvant, KP. (ed.), The Rise of Transnational Corporations from Emerging Markets. Threat or Opportunity?, Edward Elgar, Cheltenham, pp. 158-182.
  24. Fang, Y., Wade, M., Delios, ?., Beamish, P. W., 2012, An Exploration of Multinational Enterprise Knowledge Resources and Foreign Subsidiary Performance, Journal of World Business, http://dx.doi.Org/10.1016/j.jwb.2012.06.004.
  25. Gao, G., Pan, Y., Lu, J., Tao, Z., 2008, Performance of Multinational Firms' Subsidiaries: Influences of Cumulative Experience, Management International Review, vol. 48, no. 6, pp. 749-768.
  26. Gaur, A.S., Lu, J.W., 2007, Ownership Strategies and Survival of Foreign Subsidiaries: Impacts of Institutional Distance and Experience, Journal of Management, vol. 33, no. 1, pp. 84-110.
  27. Ghoshal, S., 1987, Global Strategy: An Organizing Framework, Strategic Management Journal, vol. 8, pp. 425-440.
  28. Glaum, M., Oesterle, M.-J., 2007, 40 Years of Research on Internationalization and Firm Performance: More Questions than Answers?, Management International Review, vol. 47, no. 3, pp. 307-317.
  29. Gomes, L., Ramaswamy, K, 1999, An Empirical Examination of the Form of the Relationship Between Multinationality and Performance, Journal of International Business Studies, vol. 30, no. 1, pp. 173-187.
  30. Gorynia, M. (red.), 2002, Luka konkurencyjna na poziomieprzedsiçbiorstwa a przystqpienie Polski do Unii Europejskiej. Implikacje día strategiifirm ipolitykigospodarczej, Wydawnictwo Akademii Ekonomicznej w Poznaniu, Poznañ.
  31. Gorynia, M., Nowak, J., Trçpczyàski, P., Wolniak, R., 2012, Foreign Direct Investment of Polish Firms: A Case Study Approach, in: Kaynak, E., Harcar, T. (eds.), Global Competitiveness in a Time of Economic Uncertainty and Social Change: Current Issues and Future Expectations, The International Management Development Association, IMDA Press, Hummelstown, pp. 432-443.
  32. Gorynia, M., Nowak, J., Wolniak, R., 2005, Motives and Modes ofFDI, Firm Characteristics and Performance, Journal of Transitional Management, no. 3, pp. 55-87.
  33. Gugler, K., Kalkbrenner, ?., Mueller, D.C., Peev, E., 2009, Institutional Determinants of Domestic and Foreign Subsidiaries' Performance, 10th Workshop on Corporate Governance and Investment, Copenhagen Business School, Porcelasnshaven, dk/index.php/ccgi/10ccgi/paper/view/519/326 [access: 13.10.2012].
  34. Heidhues, E, 1969, Zur Theorie der internationalen Kapitalbewegungen. Eine kritische Untersuchung unter besonderer Berücksichtigung der Direktinvestitionen, Paul Siebeck, Tübingen.
  35. Hennart, J-E, 2001, Theories of the Multinational Enterprise, in: Rugman, A.M., Brewer, T.L. (eds.), The Oxford Handbook of International Business, Oxford University Press, Oxford, pp. 127-149.
  36. Hymer, S., 1976, The International Operations of National Firms: A Study of Direct Foreign Investment, MIT Press, Cambridge, Massachussets.
  37. Jaworek, M., Szóstek, ?., 2008, Ocena efektywnosci bezposrednich inwestycji zagranicznych, in: Karaszewski, W. (ed.), Bezposrednie inwestycje zagraniczne polskich przedsiçbiorstw, Dom Organizatora, Toruñ, pp. 111-146.
  38. Jean, R.-J., Tan, D., Sinkovics, R.R., 2011, Ethnic Ties, Location Choice and Firm Performance in Foreign Direct Investment: A Study of Taiwanese Business Groups FDI in China, International Business Review, vol. 20, no. 6, pp. 627-635.
  39. Johanson, J., Wiedersheim-Paul, E, 1975, The Internationalization of the Firm - Four Swedish Cases, Journal of Management Studies, vol. 12, no. 3, pp. 305-323.
  40. Johanson, J., Vahlne, J.E., 1977, The Internationalization Process of the Firm - A Model of Knowledge Development and Increasing Foreign Market Commitments, Journal of International Business Studies, vol. 8, no. 1, pp. 23-32.
  41. Johanson, J., Vahlne, J.E., 2009, The Uppsala Internationalization Process Model Revisited: From Liability ofForeignness to Liability ofOutsidership, Journal of International Business Studies, vol. 40, pp. 1411-1431.
  42. Katsikeas, C.S., Leonidou, L.C., Morgan, N.A., 2000, Erm-Level Export Performance Assessment: Review, Evaluation, and Development, Academy of Marketing Science Journal, vol. 28, no. 4, pp. 493-511.
  43. Kim, Y., Gray, S.J., 2008, The Impact of Entry Mode Choice on Foreign Affiliate Performance: The Case of Foreign MNEs in South Korea, Management International Review, vol. 48, no. 2, pp. 165-188.
  44. Kutschker, M., Schmid, S., 2008, Internationales Management, Oldenbourg, München.
  45. Lecraw, D.J., 1983, Performance of Transnational Corporations in Less Developed Countries, Journal of International Business Studies, vol. 14, no. 3, pp. 15-33.
  46. Lecraw, D.J., 1984, Bargaining Power, Ownership, and Profitability of Transnational Corporations in Developing Countries, Journal of International Business Studies, vol. 15, no. 1, pp. 27-43.
  47. Li, L., 2007, Multinationality and Performance: A Synthetic Review and Research Agenda, International Journal of Management Reviews, vol. 9, no. 2, pp. 117-139.
  48. Luo, Y., 1999a, Time-Based Experience and International Expansion: The Case of an Emerging Economy, Journal of Management Studies, vol. 36, no. 4, pp. 505-534.
  49. Luo, Y., 1999b, International Strategy and Subsidiary Performance in China, Thunderbird International Business Review, vol. 41, no. 2, pp. 153-178.
  50. Luo, Y., Peng, M.W., 1999, Learning to Compete in a Transition Economy: Experience, Environment and Performance, Journal of International Business Studies, vol. 30, no. 2, pp. 269-295.
  51. Makino, S., Isobe, T., Chan, C.M., 2004, Does Country Matter?, Strategic Management Journal, vol. 25, no. 10, pp. 1027-1043.
  52. Matysiak, L., Bausch, ?., 2012, Antecedents ofMNE Performance: Blinded by the Obvious in 35 Years of Literature, Multinational Business Review, vol. 20, no. 2, pp. 178-211.
  53. Mulok, D., Azimah, R., Ainuddin, R.O., 2010, Foreign Entry Mode, Cultural Distance and Subsidiary Performance of Malaysian Mnes, International Journal of Business and Management, vol. 5, no. 2, pp. 26-32.
  54. Nguyen, Q.T.K., 2011, The Empirical Literature on Multinational Enterprises, Subsidiaries and Performance, Multinational Business Review, vol. 19, no. 1, pp. 47-64.
  55. Nitsch, D., Beamish, P.W., Makino, S., 1996, Entry Mode and Performance of Japanese FDI in Western Europe, Management International Review, vol. 36, no. 1, pp. 27-43.
  56. North, D., 1990, Institutions, Institutional Change and Economic Performance, Cambridge University Press, Cambridge.
  57. Ogasavara, M.H., Hoshino, Y., 2007, The Impact of Ownership, Internalization and Entry Mode on Japanese Subsidiaries' Performance in Brazil, Brazilian Administration Review, vol. 7, no. 1, pp. 59-78.
  58. Peng, M. W., 2004, Identifying the Big Question in International Business Research, Journal of International Business Studies, vol. 35, no. 2, pp. 99-108.
  59. Peng, M.W., Wang, D. Y. L., Jiang, Y., 2008, An Institution-Based View of International Business Strategy: A Focus on Emerging Economies, Journal of International Business Studies, vol. 39, no. 5, pp. 920-936.
  60. Rosati, D.K., Wilinski, W., 2003, Outward Foreign Direct Investments from Poland, in: Svetlicic, M., Rojee, M. (eds.), Facilitating Transition by Internationalization: Outward Direct Investment from Central European Economies in Transition, Ashgate, Aldershot, pp. 175-204.
  61. Rugman, ?., 2010, Reconciling Internalization Theory and the Eclectic Paradigm, Multinational Business Review, vol. 18, no. 2, pp. 1-12.
  62. Rugman, A.M., Verbeke, ?., Nguyen, Q.T.K., 2011, Fifty Years of International Business Theory and Beyond, Management International Review, vol. 51, no. 6, pp. 755-786.
  63. Scott, W.R., 1995, Institutions and Organizations, Sage, Thousand Oaks.
  64. Seuring S., Gold S., 2012, Conducting Content-Analysis Based Literature Reviews in Supply Chain Management, Supply Chain Management: An International Journal, vol. 17, no. 5, pp. 544-555.
  65. Shaver, J.M., 1998, Accounting for Endogeneity When Assessing Strategy Performance: Does Entry Mode Choice Affect FDI Survival?, Management Science, vol. 44, no. 4, pp. 571-585.
  66. Sousa, C.M., Martínez-López, F.J., Coelho F., 2008, The Determinants of Export Performance: A Review of the Research in the Literature between 1998 and 2005, International Journal of Management Reviews, vol. 10, no. 4, pp. 343-374.
  67. Svetlicic, M., 2003, Theoretical Context of Outward Foreign Direct Investment from Transition Economies, in: Svetlicic, M., Rojee, M. (eds.), Facilitating Transition by Internationalization: Outward Direct Investment from Central European Economies in Transition, Ashgate, Aldershot, pp. 3-16.
  68. Svetlicic, M., Jaklic, ?., 2003, Outward FDI by Transition Economies: Basic Features, Trends and Development Implications, in: Svetlicic, M., Rojee, M. (eds.), Facilitating Transition by Internationalization: Outward Direct Investment from Central European Economies in Transition, Ashgate, Aldershot, pp. 49-76.
  69. Szahicka, M., 2009, The Influence of Foreign Direct Investment on the Competitiveness of Polish Investors, in: Karaszewski, W. (ed.), Foreign Direct Investment of Polish Companies: Its Scale, Structure, Determinants, Influence on the Competitiveness, Wydawnictwo Naukowe Uniwersystetu Mikolaja Kopernika, Toruñ, pp. 89-112.
  70. Uhlenbruck, K., 1997, Entry Motives and Firm Capabilities: Performance Implications for Foreign Direct Investment in Central and Eastern Europe, in: Dosier, L.N., Keys, J.B. (eds.), Academy of Management Best Paper Proceedings, Boston, pp. 204-208.
  71. Vega-Céspedes, G, Hoshino, Y., 2001, Effects of Ownership and Internalization Advantages on Performance: The Case of Japanese Subsidiaries in the United States and Latin America, Review of Pacific Basin Financial Markets and Policies, vol. 4, no. 1, pp. 69-94.
  72. Verbeke, ?., Brugman, P., 2009, Triple-Testing the Quality of Multinationality-Performance Research: An Internalization Theory Perspective, International Business Review, no. 19, pp. 265-275.
  73. Verbeke, ?., Li, L., Goerzen, ?., 2009, Toward More Effective Research on the MultinationalityPerformance Relationship, Management International Review, vol. 49, pp. 149-162.
  74. Woodcock, P.C., Beamish, P.W., Makino, S., 1994, Ownership-Based Entry Mode Strategies and International Performance, Journal of International Business Studies, vol. 25, no. 2, pp. 253-273.
  75. Wu, W., Lin, C., 2010, Experience, Environment and Subsidiary Performance in High-Tech MNEs, Journal of Business Research, vol. 63, pp. 1301-1309.
  76. Xia, Y., Qiu, Y., Zafar, A.U., 2007, The Impact of Firm Resources on Subsidiary's Competitiveness in Emerging Markets: An Empirical Study of Singaporean SMEs' Performance in China, Multinational Business Review, vol. 15, no. 2, pp. 13-40
Cytowane przez
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu