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Re-interpreting Ownership Advantages and Re-categorizing Investment Motivations of Multinational Corporations: From the Perspective of Imbalance Theory

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Authors
Moon, Hwy-Chang; Yim, Sohyun
Issue Date
2014-06
Publisher
Institute of International Affairs, Graduate School of International Studies, Seoul National University
Citation
Journal of International and Area Studies, Vol.21 No.1, pp. 87-99
Keywords
OLI paradigmownership advantageimbalance theoryunconventional FDIFDI motivations
Abstract
As opposed to the conventional type of asset exploitation-based foreign direct investment (FDI), this paper illustrates why firms invest abroad based on Moon and Roehl’s (2001) imbalance theory. Firms invest to complement their disadvantages and enhance their position in international business. Thus, by extending the imbalance theory, this paper shifts our focus on sources of competitiveness from monopolistic asset to complementing capability for firms’ disadvantages. The complementary capability can be categorized into four, which are agility, benchmarking, convergence and dedication. Based on the perspectives of both exploiting advantages and complementing disadvantages, this paper re-categorizes FDI motivations to factor seeking, demand seeking, related-and-supporting-sector seeking and business context seeking.
ISSN
1226-8550
Language
English
URI
http://hdl.handle.net/10371/96566
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Graduate School of International Studies (국제대학원)Dept. of International Studies (국제학과)Journal of International and Area StudiesJournal of International and Area Studies vol.21 (2014)
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