International Business (bookings closed)
Date:
29/05/2015
Organised by:
London Business School
Presenter:
Dr Catherine Magelsson
Level:
Advanced (specialised prior knowledge)
Contact:
Description:
COURSE SUMMARY
Multinational firms are a significant economic and innovative force in our global economy. It is important to understand the challenges faced and strategies used by multinational firms. This course provides an introduction to international business research. We explore why multinational firms exist and the strategies used by multinational firms to overcome challenges and capture opportunities from operating abroad. The course is designed to be relevant to doctoral students across a variety of interests, including strategic management, organizational theory, international business, and economics. The course provides an overview of each topic, and lays the groundwork for students to further pursue the topics in accordance with their research interests.
In the first part of the course, students are introduced to the theories used to explain the existence of multinational firms and firm expansion into foreign markets.
Session 1 Friday 29 May, Trade, Firm Boundaries, and the Multinational Firm
08:15-11:00, in PB-LAB
REQUIRED READINGS:
Hymer, S. H. 1976. The International Operations of National Firms: A Study of Direct Foreign Investment. Cambridge, MA: MIT press.
Antràs, Pol, 2003. Firms, contracts, and trade structure. Quarterly Journal of Economics, 118 (4): 1375–1418.
Nunn, N., and Trefler, D. 2013. Incomplete contracts and the boundaries of the multinational firm. Journal of Economic Behavior and Organization, 94: 330-344.
Antràs, P., and Yeaple, S. 2014. Multinational firms and the structure of international trade. Chapter 2 in Handbook of International Economics (Vol. 4) edited by Gopinath, G., Helpman, E., and Rogoff, K. Oxford, United Kingdom: Elsevier.
Discussion leader Assigned pre-course
PREPARATION: Write a one page (single spaced) critique on the assigned papers. The critique should include a discussion of the complementarities and tensions of the papers for the session identify any limitations, extensions, and fruitful areas of future research.
OPTIONAL READINGS:
Buckley, P. J., and Casson, M. 1976. The Future of the Multinational Enterprise. London, United Kingdom: Macmillan.
Caves, R. 1996. Multinational Enterprise and Economic Analysis. Cambridge, MA: Cambridge University Press.
Dunning, J. H. 1977. Trade, location of economic activity, and the multinational enterprise. A search for an eclectic approach in The International Allocation of Economic Activity, edited by B. Ohlin, P. 0. Hesselborn, and P. J. Wiskman, MacMillan, London: United Kingdom.
Kogut, B. and Udo Z. 1993. Knowledge of the firm and the evolutionary theory of the multinational corporation, Journal of International Business Studies. 24(4): 625-645.
Helpman, E. 1984. A simple theory of international trade with multinational corporations. The Journal of Political Economy, 451-471.
Melitz, M. J. 2003. The impact of trade on intra?industry reallocations and aggregate industry productivity. Econometrica, 71(6): 1695-1725.
Session 2: Friday 29 May, Foreign Entry and Location Choice
15:45-18:30
Required Readings:
Helpman, E., Melitz, M. J., and Yeaple, S. R. 2004. Export versus FDI with heterogeneous firms. The American Economic Review, 94(1): 300-316.
Nocke, V., and Yeaple, S. 2008. An assignment theory of foreign direct investment. The Review of Economic Studies, 75(2): 529-557.
Rugman A. and Verbeke, A. 2009. Location, competitiveness, and the multinational enterprise. Chapter 6 in 2nd ed. The Oxford Handbook of International Business p. 146-180. New York, NY: Oxford University Press.
Hernandez, E. 2014. Finding a home away from home: Effects of immigrants on firms’ foreign location choice and performance. Administrative Science Quarterly, 59(1): 73-108.
PREPARATION: Write a one page (single spaced) critique on the assigned papers. The critique should include a discussion of the complementarities and tensions of the papers for the session identify any limitations, extensions, and fruitful areas of future research.
OPTIONAL READINGS:
Brainard, S. L. 1997. An empirical assessment of the proximity-concentration trade-off between multinational sales and trade. The American Economic Review, 87(4): 520-544.
Blonigen, B. A., Davies, R. B., Waddell, G. R., and Naughton, H. T. 2007. FDI in space: Spatial autoregressive relationships in foreign direct investment. European Economic Review, 51(5): 1303-1325.
Buckley, P. and Casson, M. 1998. Analyzing foreign market entry strategies: Extending the internalization approach. Journal of International Business Studies. 29: 539-562.
Shaver, J. M., and Flyer, F. 2000. Agglomeration economies, firm heterogeneity, and foreign direct investment in the United States. Strategic Management Journal, 21(12): 1175-1194.
Chung, W., and Alcácer, J. 2002. Knowledge seeking and location choice of foreign direct investment in the United States. Management Science, 48(12): 1534-1554.
Cost:
Free
Region:
Greater London
Keywords:
Frameworks for Research and Research Designs
Related publications and presentations:
Frameworks for Research and Research Designs