The internalization of societal failures by multinational enterprises

Peter J. Buckley; Jean J. Boddewyn

doi:10.4337/9781786431332.00012

The internalization of societal failures by multinational enterprises

Peter J. Buckley^*, Jean J. Boddewyn

^*Corresponding author for this work

PMO Comparative & International Business

Baruch College

Research output: Chapter in Book/Conference proceeding › Chapter › peer-review

Abstract

The purpose of this paper is to show that the market-internationalization framework can be applied to non-economic institutions because society's non-market sub-systems – political, social and cultural – are subject to failures just like economic markets, and firms can contribute to their repair or replacement by selectively, strategically and responsibly internalizing the market and non-market arenas for these sub-systems' functions.

Original language	English
Title of host publication	The Global Factory
Subtitle of host publication	Networked Multinational Enterprises in the Modern Global Economy
Editors	Peter J. Buckley
Publisher	Edward Elgar
Chapter	4
Pages	47–64
Number of pages	18
ISBN (Electronic)	9781786431332
ISBN (Print)	9781786431325
DOIs	https://doi.org/10.4337/9781786431332.00012
Publication status	Published - 23 Feb 2018

Keywords

corporate social responsibility
internalization theory
multinational enterprises
non-market strategies
societal functions and failure

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10.4337/9781786431332.00012

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The internalization of societal failures by multinational enterprises

Abstract

Keywords

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