Expansión internacional de las empresas multinacionales. Estructura y naturaleza institucional

  1. Juan José Durán 1
  2. Isabel Álvarez 2
  1. 1 Universidad Autónoma de Madrid
    info

    Universidad Autónoma de Madrid

    Madrid, España

    ROR https://ror.org/01cby8j38

  2. 2 Instituto Complutense de Estudios Internacionales (ICEI-UCM)
Revista:
Información Comercial Española, ICE: Revista de economía

ISSN: 0019-977X

Año de publicación: 2019

Título del ejemplar: Multinacionales en un cambiante contexto internacional

Número: 909

Páginas: 7-22

Tipo: Artículo

DOI: 10.32796/ICE.2019.909.6898 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Información Comercial Española, ICE: Revista de economía

Resumen

La evolución de la IDE ha ido conformando una geografía de las empresas multinacionales con nuevos inversores, entre los que se encuentran multinacionales de países menos desarrollados (emergentes) y multinacionales de propiedad estatal y fondos soberanos. Se ha ido construyendo así una estructura institucional de gobernanza global que se asimila a una economía mixta, que abre oportunidades para el avance de políticas públicas y de cooperación internacional en el cumplimiento de los objetivos de desarrollo sostenible.

Referencias bibliográficas

  • Aguilera, R., Canapé, J., & Santiso, J. (2016). Sovereign Wealth Funds: A Strategic Governance View. Academy of Management Perspectives, 30(1).
  • Alcácer, J., Cantwell, J., & Piscitello, L. (2016). Internationalization in the information age: A new era for places, firms, and international business networks? Journal of International Business, 47(5), 499-512.
  • Álvarez, I., y Torrecillas, C. (2013). Factores determinantes de la emisión de inversión directa extranjera: un proceso de acumulación de capacidades. Revista de Economía Mundial, (34), 21-45.
  • Andreff, W., & Andreff, M. (2017). Multinational companies from transition economies and their outward foreign direct investment, Russian Journal of Economics, 3 , 445–474.
  • Bruton, G. D., Peng, M., Ahlstrom, D., Stan, C., & Xu, K. (2015). State-Owned Enterprises around the World as Hybrid Organizations. The Academy of Management Perspectives, 29 (1), 92-114.
  • Buckley, P. J., Wang, C., & Clegg, J. (2007). The impact of foreign ownership, local ownership and industry characteristics on spillover benefits from foreign direct investment in China. International Business Review, 16(2),142-158.
  • Cantwell, J., Dunning, J. H., & Lundan, S. M. (2010). An evolutionary approach to understanding international business activity: The co-evolution of MNEs and the institutional environment. Journal of International Business Studies, 41, 567-586.
  • Chan, C. M., & Makino, S. (2007). Legitimacy and multi-level institutional environments: implications for foreign subsidiary ownership structure. Journal of International Business Studies, 38(4), 621-638.
  • Cuervo-Cazurra, A. (Ed.) (2018). State-owned multinationals: Governments in global business. Cham, Switzerland: Palgrave MacMillan.
  • Cuervo-Cazurra, A., Mudambi, R., & Pedersen, T. (2019). Clarifying the relationship between institutions and global strategy. Global Strategy Journal, 9, 151-175.
  • Damgaard, J., & Elkaer, T. (2017). The Global FDI Network: Searching for ultimate investors. IMF Working Paper (WP/17/258).
  • Dunning, J. H. (2001). Global Capitalism at Bay. Londres: Routledge.
  • Dunning, J. H. (Ed.) (2003). Making Globalization Good. Oxford: Oxford University Press.
  • Dunning, J. H. (2009). Location and the Multinational Enterprise: A Neglected Factor? Journal of International Business Studies, 40, 5-19.
  • Durán, J. J., & Bajo, N. (2014). Institutions as determinant factors of corporate responsibility strategies of multinational firms. Corporate Social Responsibility and Environmental Management, 301-317.
  • García-Cabrera, A., Durán-Herrera, J. J., & Suárez-Ortega, S. (2019). Multinationals´ political activity for institutional change: Evidence from Spain during the international crisis of 2008. European Management Journal.
  • Estrin, S., Meyer, K. E., Nielsen, B. B., & Nielsen, S. (2016). Home country institutions and the internationalization of State-Owned enterprises: a cross-country analysis. Journal of World Business, 51(2), 294-307.
  • Gammeltoft, P., Barnard, H., & Madhok, A. (2010). Emerging Multinationals, Emerging Theory: Macro-micro-level Perspectives. Journal of international Management, 16, 95-101.
  • Guillén, M., & García-Canal, E. (2010). The New Multinationals. Cambridge: University Press.
  • ICEX-IE Foundation (2017). Sovereign wealth funds 2017. ICEX-Invest in Spain. Madrid.
  • Kalasin, K., Cuervo-Cazurra, A., & Ramamurti, R. (2019). State ownership and international expansion: The S-curve relationship, Global Strategy Journal, 1-33.
  • Krug, B., & Hendrischke, H. (2008). Modeling the co-evolution of national industries and institutions. Management and Organization Review, 4(1), 81-108.
  • Lodge, G., & Wilson, C. (2006). Multinational Corporations and Global Poverty Reduction. Challenge, 49(3), 17-25.
  • Musacchio, A., & Lazzarini, S. (2014). Reinventing state capitalism: Leviathan in business, Brazil and beyond. Cambridge, MA: Harvard University Press.
  • North, D. C. (1990). Institutions, institutional change, and economic performance. Cambridge, UK: University Press.
  • OECD (2017). The Size and Sectoral Distribution of State-Owned Enterprises. Paris: OECD Publishing.
  • Peng, M. W. (2002). Towards an Institution-based View of Business Strategy. Asia Pacific Journal of Management, 19(2), 251-267.
  • Peng, M. W., Wang, D. Y., & Jiang, Y. (2008). An institution-based view of international business strategy: A focus on emerging economies. Journal of International Business Studies, 39(5), 920-936.
  • Prequin (2018). The 2018 Prequin Sovereign Wealth Fund Review. A comprehensive guide to so veering wealth funds. Prequin Ltd. 2018 / www.preqin.com
  • Ramamurti, R. (2012). What Is Really Different About Emerging Market MULTINATIONALS? Global Strategy Journal, 2, 41–47.
  • Ramamurti, R., & Singh, J. V. (2009). Emerging multinationals in emerging markets. Cambridge MA: Cambridge University Press.
  • Ruggie, J. G. (2013). Just Business. Multinational Corporations and Human Rights. Nueva York: W.W. Norton & Company, Inc.
  • Sauvant, K. (2019). Determining Quality FDI: A Commentary on the OECD’s FDI Qualities Project. Third Policy Network Meeting. Paris: OECD.
  • Sauvant, K., & Strauss, J. (2012). Estate-controlled entities control nearly US$ 2 trillion in foreign assets. Perspectives on topic al foreign direct investment issues by the Vale Columbia Center on Sustainable international investment, (64), 2 April.
  • Scott, W. R. (1995). Institutions and organizations (2ª Ed.). Thousand OAKS, CA: Sage.
  • Teegen H., Doh, J. P., & Vachani, S. (2004). The importance of nongovernmental organizations in global governance and value creation: an international business research agenda. Journal of International Business Studies, 35, 463-483.
  • UNCTAD (2011). World Investment Report 2011. Non-Equity Modes of International Production and Development. United Nations Publication. Geneva.
  • UNCTAD (2017). Promoción de la inversión extranjera en los Objetivos de Desarrollo Sostenible. Ginebra.
  • UNCTAD (2018). World Investment Report. Investment and New Industrial Policies. Ginebra: UNCTAD.
  • UNCTAD (2019). World Investment Report. Special Economic Zones. Ginebra: UNCTAD.
  • Vachani, S., Doh, J. P., & Teegen, H. (2009). NGOs´ influence on MNEs` social development strategies in varying institutional context: A transaction cost perspective. International Business Review, 18 (5), 446-456.
  • Witt, M. A., & Lewis, A. Y. (2007). Outward Foreign Direct Investment as Escape Response to Home Country Institutional Constraints. Journal of International Business Studies, 38(4), 578-594.
Fuente de los datos: Dialnet