Corporate governance and international business

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Strange, R. ; Filatotchev, I. ; Buck, T. ; Wright, M. (2009)

This article sets out a framework for the analysis of corporate governance and international business. We take a broad perspective on corporate governance mechanisms and consider possible synergies between corporate governance and international business (IB) research. We summarize the papers included in this Focused Issue, and draw out their main contributions to the literature. We compare and contrast four theoretical perspectives concerning corporate governance and IB: transaction cost economics (TCE), the resource-based view (RBV), agency theory (AT), and institutional theory (IT). We highlight five research themes (international diversification, business groups, entry modes, subsidiary mandates, and new international ownership structures) where future work explicitly addressing governance issues may prove fruitful.
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