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Real Options in International Business

In: Economics of International Business

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Abstract

Economics of International Business sets out a new agenda for international business research. Mark Casson asserts that it is time to move the subject on from sterile debates about transaction cost economies and resource-based theories of the firm. Instead of focusing on the individual firm, the new agenda focuses on the global systems view of international business. A static view of the firm’s environment is replaced by a dynamic view which highlights the volatility of the international business environment. Coping with volatility requires entrepreneurial skills, flexibility and the need to synthesize information on a global basis. To co-ordinate the global system properly, entrepreneurs must co-operate through social networks of trust, as well as competing. Constructing a network of joint ventures, it is argued, is simply not enough.

Suggested Citation

  • ., 2000. "Real Options in International Business," Chapters, in: Economics of International Business, chapter 7, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2063_7
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    Cited by:

    1. Yang, Yi & Jia, Yuwei & Ling, Sun & Yao, Congxu, 2021. "Urban natural resource accounting based on the system of environmental economic accounting in Northwest China: A case study of Xi’an," Ecosystem Services, Elsevier, vol. 47(C).
    2. Susan Segal-Horn & Alison Dean, 2008. "The rise of super-elite law firms: towards global strategies," The Service Industries Journal, Taylor & Francis Journals, vol. 31(2), pages 195-213, November.
    3. Eduardo Francisco Silva & Darlisson Fernandes Bento & Anderson Conceição Mendes & Fábio Góis Mota & Luiz Carlos Silva Mota & Arthur Iven Tavares Fonseca & Rodolfo Maduro Almeida & Livaldo Oliveira San, 2020. "Environmental impacts of sand mining in the city of Santarém, Amazon region, Northern Brazil," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(1), pages 47-60, January.
    4. Jerg Gutmann & Matthias Neuenkirch & Florian Neumeier, 2021. "Sanctioned to Death? The Impact of Economic Sanctions on Life Expectancy and its Gender Gap," Journal of Development Studies, Taylor & Francis Journals, vol. 57(1), pages 139-162, January.
    5. Charles A. Rarick, 2006. "Destroying A Country In Order To Save It: The Folly Of Economic Sanctions Against Myanmar," Economic Affairs, Wiley Blackwell, vol. 26(2), pages 60-63, June.
    6. Bonnie C. Wintle & Belinda Cleeland, 2012. "Interpreting risk in international trade," Journal of Risk Research, Taylor & Francis Journals, vol. 15(3), pages 293-312, March.
    7. Kristin Brandl & Izzet Darendeli & Ram Mudambi, 2019. "Foreign actors and intellectual property protection regulations in developing countries," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(5), pages 826-846, July.
    8. Riyad Neman Darwazeh & Mohammad Dabaghia, 2018. "Privatization Effect on Shareholder Value in the Jordanian State Owned Enterprises," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 70-78.
    9. Satomi Kimino & David S. Saal & Nigel Driffield, 2007. "Macro Determinants of FDI Inflows to Japan: An Analysis of Source Country Characteristics," The World Economy, Wiley Blackwell, vol. 30(3), pages 446-469, March.
    10. Charles A. Rarick, 2007. "Economic Sanctions: Failed Foreign Policy Tool And A Cost To American Business," Economic Affairs, Wiley Blackwell, vol. 27(3), pages 65-70, September.
    11. Clemenson, Barbara & Sellers, R.D., 2013. "Hull House: An autopsy of not-for-profit financial accountability," Journal of Accounting Education, Elsevier, vol. 31(3), pages 252-293.
    12. Pimsiri Chiwamit & Sven Modell & Chun Lei Yang, 2014. "The societal relevance of management accounting innovations: economic value added and institutional work in the fields of Chinese and Thai state-owned enterprises," Accounting and Business Research, Taylor & Francis Journals, vol. 44(2), pages 144-180, April.

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