RIEBセミナー
RIEB Seminar

日時：
（Date&Time)		 2009年4月27日（月）午後2時から
（Monday, April 27, 2009, 2:00pm〜）
報告者：
（Speaker）		 Jean François HENNART
所属：
（Affiliation）		 ティルバーグ大学組織戦略学部
(Department of Organization and Strategy, Tilburg University)
論題：
（Topic）		 Down with MNE-Centric Theories: Market Entry and Expansion as the Bundling of MNE and Local Assets
概要：
(Abstract)		 Both Anderson and Gatignon and the Uppsala Internationalization model see the initial mode of foreign market entry and subsequent modes of operation as unilaterally determined by multinational enterprises (MNEs) arbitraging control and risk, and increasing their commitment as they gain experience in the target market. OLI and internalization models do recognize that foreign market entry requires the bundling of MNE and complementary local assets, which they call location or country-specific advantages, but implicitly assume that these assets are freely accessible to MNEs. In contrast to both of these MNE-centric views, I explicitly consider the transactional characteristics of complementary local assets and model foreign market entry as the optimal assignment of equity between their owners and MNEs. By looking at the relative efficiency of the different markets in which MNE and complementary local assets are traded, and at how these two categories of assets match, I am able to predict whether equity will be held by MNEs, by local firms, or shared between them, and whether MNEs will enter through greenfields, brownfields, or acquisitions. The bundling model I propose has interesting implications for the evolution of the MNE footprint in host countries and for the reasons behind the emergence of Dragon MNEs.
会場：
(Place)		 神戸大学経済経営研究所　調査室 （兼松記念館1階）
Seminar Room at RIEB (Kanematsu Memorial Hall 1st Floor)
対象：
（Intended Audience)		 教員，院生，学部生，および同等の知識をお持ちの方
Faculty, Graduate Students, Undergraduates, and People with Equivalent Knowledge
使用言語
（Language)		 英語
English
備考：
(Note)		 論文のコピーは研究助成室にご用意しております。
Copies of the paper are available at Research Assistant Room.