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The Organization of International Business

Author

Listed:
  • Mark Casson

Abstract

Mark Casson pioneered the use of transaction cost theory to explain the boundaries of the multinational firm. In The Organization of International Business, he extends the internalization theory of the firm to encompass, on the one hand, inter-firm networking and, on the other, the internal organization and managerial structure of the firm. The key innovation is the distinction between information cost – the cost of gathering information on the assumption that it is true and transaction cost – the cost of ensuring that the information actually is true. This innovation facilitates a synthesis of transaction cost analysis and organizational behaviour. It also provides new insights into the dynamics of internationalization, and the role of learning in the growth of the firm.

Suggested Citation

  • Mark Casson, 1995. "The Organization of International Business," Books, Edward Elgar Publishing, number 81.
    • Handle: RePEc:elg:eebook:81
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    File URL: http://www.e-elgar.com/shop/isbn/9781858982304
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    Citations

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    Cited by:

    1. Ra�l Serrano & Marta Fern�ndez-Olmos & Vicente Pinilla, 2015. "International diversification and performance in agri-food firms," Documentos de Trabajo dt2015-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    2. Brenke, Karl & Eickelpasch, Alexander & Sander, Birgit & Postlep, Rolf-Dieter & Schmidt, Klaus-Dieter & Beer, Siegfried & Ragnitz, Joachim, 1996. "Gesamtwirtschaftliche und unternehmerische Anpassungsfortschritte in Ostdeutschland: Vierzehnter Bericht," Kiel Discussion Papers 277/278, Kiel Institute for the World Economy (IfW Kiel).
    3. Peter J. Buckley, 2020. "The theory and empirics of the structural reshaping of globalization," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(9), pages 1580-1592, December.
    4. Peter Buckley, 2004. "The Role of China in the Global Strategy of Multinational Enterprises," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 2(1), pages 1-25.
    5. Buckley, Peter J., 2016. "The contribution of internalisation theory to international business: New realities and unanswered questions," Journal of World Business, Elsevier, vol. 51(1), pages 74-82.
    6. Bart Nooteboom, 2007. "Social capital, institutions and trust," Review of Social Economy, Taylor & Francis Journals, vol. 65(1), pages 29-53.
    7. Gilroy, Bernard Michael, 1998. "International Competitiveness, Multinational Enterprise Technology Clubs and the Government Interface," MPRA Paper 17983, University Library of Munich, Germany.
    8. Neil Kay, 1996. "The Economics of Trust," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 3(2), pages 249-260.

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • L0 - Industrial Organization - - General
    • D0 - Microeconomics - - General

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