The Internalization Theory of the Multinational Enterprise: Past, Present and Future

Peter J. Buckley*, Mark Casson

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This paper presents an agenda for extending the theory of international business in order to explain a wider range of phenomena. This, however, has to be done with due attention to the requirements of good social science theory. Relevant criteria are set out, together with a list of issues that new theory must address. Theory needs to focus on industries as well as firms, and make greater use of formal multi-actor models. ‘Generalizing from the particular’ should be avoided; theory needs to be derived from general social science principles that have proved successful in cognate disciplines.

Original languageEnglish
Pages (from-to)239-252
Number of pages14
JournalBritish Journal of Management
Volume31
Issue number2
Early online date30 Jan 2019
DOIs
Publication statusPublished - 1 Apr 2020

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