国际投资 2文档精资料.pptVIP

* * * * I = Internalization Advantages Internalization advantages address the HOW question [how go abroad?]. The MNE has various choices of entry mode, ranging from the market (arms length transactions) to the hierarchy (wholly owned subsidiary). The MNE chooses internalization (the internal route) where the market does not exist or functions poorly so that transactions costs of the external route are high. * * * I = Internalization Advantages内部化优势 指企业为避免外部是市场不完全性对企业经营的不利影响，将企业优势保持在企业内部。 ※ 外部市场不完全性包括： √ 结构性的市场不完全性