Intro to IB week 9b

 0    63 Datenblatt    Grand Hubson
mp3 downloaden Drucken spielen überprüfen
 
Frage Antworten
foreign direct investment (FDI)
Lernen beginnen
Investment in, controlling and managing value-added activities in other countries.
emerging economy MNEs
Lernen beginnen
MNEs that originate from an emerging economy and are headquartered there.
foreign portfolio investment (FPI)
Lernen beginnen
Investment in a portfolio of foreign securities such as stocks and bonds.
joint ventures
Lernen beginnen
Operations with shared ownership by several domestic or foreign companies.
horizontal FDI
Lernen beginnen
FDI that creates operations abroad at the same position in the value chain as the operation in the home country
vertical FDI
Lernen beginnen
FDI in operations in different stages of the value chain, upstream or downstream.
upstream vertical FDI
Lernen beginnen
FDI in an upstream stage of the value.
downstream vertical FDI
Lernen beginnen
FDI in a downstream stage of the value chain in two different countries.
FDI flow
Lernen beginnen
The amount of FDI moving in a given period (usually a year) in a certain direction
FDI stock
Lernen beginnen
The total value of inbound FDI in a country or outbound FDI from a country operating at a given point in time.
OLI paradigm
Lernen beginnen
A theoretical framework positing that ownership (O), location (L) and internalization (I) advantages combine to induce firms to engage in FDI.
liability of foreignness
Lernen beginnen
The inherent disadvantage a firm faces when competing with local firms in a foreign country.
location-bound resources
Lernen beginnen
Resources that cannot be transferred abroad.
ownership advantages (O-advantages)
Lernen beginnen
Resources of the firm that are transferable across borders and enable the firm to attain competitive advantages abroad.
locational advantage (L-advantage)
Lernen beginnen
An advantage enjoyed by firms operating in certain locations.
agglomeration
Lernen beginnen
The location advantages that arise from the clustering of economic activities in certain locations.
knowledge spillovers
Lernen beginnen
Knowledge diffused from one firm to others among closely located firms.
internalization advantages (I-advantages)
Lernen beginnen
Advantages of organizing activities within a multinational firm rather than using a market transaction
transaction costs
Lernen beginnen
The costs of organizing
market failure
Lernen beginnen
Imperfections of the market mechanism that make some transactions prohibitively costly
asset specificity
Lernen beginnen
An investment that is specific to a business relationship.
intra-firm trade
Lernen beginnen
International trade between two subsidiaries in two countries controlled by the same MNE
licensing
Lernen beginnen
A contract by which a firm allows another firm to use its intellectual property rights in return for a fee.
franchising
Lernen beginnen
A contract by which a firm allows another firm to use its branded service or products in return for a fee.
dissemination risk
Lernen beginnen
The risk associated with unauthorized diffusion of firm-specific know-how.
tacit knowledge
Lernen beginnen
Knowledge that is noncodifiable and whose acquisition and transfer require hands-on practice.
local content requirements
Lernen beginnen
Requirement that a certain proportion of the value of the goods made in a country originates from that country.
bargaining power
Lernen beginnen
The ability to extract a favourable outcome from negotiations due to one party’s strengths.
obsolescing bargain
Lernen beginnen
Refers to the deal struck by MNEs and host governments which change their requirements after the initial FDI entry.
sunk costs
Lernen beginnen
Up-front investments that are non-recoverable if the project is abandoned.
expropriation
Lernen beginnen
Government confiscation of private (foreign-owned) assets
state-owned enterprises (SOEs)
Lernen beginnen
Companies with direct ownership by the state.
soft budget constraint
Lernen beginnen
Phenomenon that SOEs tend to receive extra resources from the state when facing financial difficulties.
sovereign wealth fund (SWF)
Lernen beginnen
A state-owned investment fund composed of financial assets such as stocks, bonds, real estate or other financial instruments
experiential knowledge
Lernen beginnen
Knowledge learned by engaging in the activity and context.
Uppsala model
Lernen beginnen
A model of internationalization processes focusing on learning processes.
network internationalization model
Lernen beginnen
A model of internationalization that focuses on the international growth of business networks.
stages models
Lernen beginnen
Models depicting internationalization as a slow stage-by stage process an SME must go through
international new venture (born global)
Lernen beginnen
Start-up company that, from inception, seeks to derive significant competitive advantages from the use of resources and the sale of outputs in multiple countries.
international experience
Lernen beginnen
Personal experience of living in another country.
immigrant entrepreneurs
Lernen beginnen
People who set up a business after migrating to another country.
mimetic behaviour
Lernen beginnen
Imitating the behaviour of others as a means to reduce uncertainty.
foreign subsidiary
Lernen beginnen
An operation abroad set up by foreign direct investment.
entry strategy
Lernen beginnen
A plan that specifies the objectives of an entry and how to achieve them.
natural resource-seeking FDI
Lernen beginnen
Investors’ quest to pursue natural resources in certain locations.
market-seeking FDI
Lernen beginnen
Investors’ quest to go after countries that offer strong demand for their products and services
efficiency-enhancing FDI
Lernen beginnen
Investors’ quest to single out the most efficient locations for each value chain activity.
capability-enhancing FDI
Lernen beginnen
Investors’ quest for new ideas and technologies to upgrade their own technological and managerial capabilities.
location-specific advantages
Lernen beginnen
Advantages that can be exploited by those present at a location
global cities
Lernen beginnen
Cities with interconnectedness, cosmopolitanism, and abundance of advanced producer services
first-mover advantages
Lernen beginnen
Advantages that first movers obtain and that later movers do not enjoy.
late-mover advantages
Lernen beginnen
Advantages that late movers obtain and that first movers do not enjoy
modes of entry
Lernen beginnen
The format of foreign market entry.
non-equity modes
Lernen beginnen
A mode of entry that does not involve owning equity in a local firm.
equity modes
Lernen beginnen
A mode of entry (JV that involves taking full or partial) equity ownership in a local firm
greenfield investments
Lernen beginnen
Building factories and offices from scratch.
acquisition
Lernen beginnen
The transfer of the control of operations and management from one firm (target) to another (acquirer), the former becoming a unit of the latter.
partial acquisitions
Lernen beginnen
Acquisitions of an equity stake in another firm.
strategic alliance
Lernen beginnen
Collaboration between independent firms using equity modes, non-equity contractual agreements, or both.
scale of entry
Lernen beginnen
The amount of resources committed to foreign market entry.
platform investment
Lernen beginnen
An investment that provides a small foothold in a market or location.
The arm’s length
Lernen beginnen
The companies are independent of one another and trade based on contractual arrangements. There is no ownership from one company of the other.
Psychologically proximate
Lernen beginnen
They consider those countries which they perceive as being similar to the home country in terms of institutional environment and/or culture.

Sie müssen eingeloggt sein, um einen Kommentar zu schreiben.