The international financial crisis and transnational corporation strategy / Alan M. Rugman in Transnational Corporations, TRANSCORP 20/1 (April 2011)  

Public ISBD [article]  inTransnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 103-116 Titre : The international financial crisis and transnational corporation strategy Type de document : texte imprimé Auteurs : Alan M. Rugman, Auteur Année de publication : 2011 Article en page(s) : p. 103-116 Langues : Anglais (eng) Tags : Multinationales  Crise financière  Supply chain Résumé : As is well-known to readers of this journal, foreign direct investment (FDI) is undertaken by transnational corporations (TNCs). In many ways FDI is not a financial investment decision, rather it is a micro-level, firm-driven, strategy decision. Thus FDI and TNC strategy need to be carefully distinguished from financial (portfolio) investment decisions which are country-level, macroeconomic, decisions. This distinction between FDI and portfolio investment has eluded many commentators on the international financial crisis. For example, although large banks and financial institutions are types of TNCs, their firm-level strategic FDI decisions need to be distinguished from country-level macroeconomic trade and financial imbalances. In this paper, we attempt to work through the logic of this distinction between FDI and portfolio investment to analyse the international financial crisis. En ligne : http://www.unctad.org/Templates/Page.asp?intItemID=2926&lang=1 [article] The international financial crisis and transnational corporation strategy [texte imprimé] / Alan M. Rugman, Auteur . - 2011 . - p. 103-116. Langues : Anglais (eng) in Transnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 103-116 Tags : Multinationales  Crise financière  Supply chain Résumé : As is well-known to readers of this journal, foreign direct investment (FDI) is undertaken by transnational corporations (TNCs). In many ways FDI is not a financial investment decision, rather it is a micro-level, firm-driven, strategy decision. Thus FDI and TNC strategy need to be carefully distinguished from financial (portfolio) investment decisions which are country-level, macroeconomic, decisions. This distinction between FDI and portfolio investment has eluded many commentators on the international financial crisis. For example, although large banks and financial institutions are types of TNCs, their firm-level strategic FDI decisions need to be distinguished from country-level macroeconomic trade and financial imbalances. In this paper, we attempt to work through the logic of this distinction between FDI and portfolio investment to analyse the international financial crisis. En ligne : http://www.unctad.org/Templates/Page.asp?intItemID=2926&lang=1

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