2013/2014 BA-HA_E137 International Corporations and Global Markets
English Title | |
International Corporations and Global Markets |
Course information |
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Language | English |
Exam ECTS | 7.5 ECTS |
Type | Elective |
Level | Bachelor |
Duration | One Semester |
Course period | Spring, Third Quarter
Changes in course schedule may occur week 5-12 |
Time Table | Please see course schedule at e-Campus |
Study board |
Study Board for BSc in Economics and Business
Administration
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Course coordinator | |
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Administration: Birgit Dahlgren - bgd.int@cbs.dk | |
Main academic disciplines | |
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Last updated on 15-02-2013 |
Learning objectives | |||||||||||||||||||||||
To be awarded the highest grade (12),
the student, with no or just a few insignificant shortcomings, must
fulfill the following learning objectives:
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Examination | |||||||||||||||||||||||
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Course content and structure | |||||||||||||||||||||||
The course examines two levels of international business activities: the firm and the nation. The level of the firm considers the theories and practice of international activities of firms. The level of the nation examines why firms choose to do business in particular countries and how international corporations and individual nations impact each other. The following topics are covered: · Theoretical frameworks of international business activities of firms (Vernon’s product life cycle, Hymer’s approach, the internalization approach, internationalization process model, transaction cost economics). · The growing presence of multinationals from emerging economies in the international business community. · Specifics of international business activities of service firms and patterns of their internationalization. · Competitive advantages of nations and the ability of nations to attract international corporations. · The influence of national and supranational institutions on international business activities. · Mutual impacts of international firms and national economies on each other. |
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Teaching methods | |||||||||||||||||||||||
Lectures and case study discussions. Active class participation is expected. | |||||||||||||||||||||||
Expected literature | |||||||||||||||||||||||
Part I. The firm: theory and practice of international activities of corporations
Readings
Week 2. Internationalization theories A: Vernon.
Readings
Week 3. Internationalization theories B: Hymer. Internalization. Geography and oligopolistic reaction CaseRibe Maskinfabrik A/S — Developing New Business Areas Readings Prahalad, C. K. and Hamel, G. (1990). “The Core Competence of the Corporation.” Harvard Business Review, May/June, 79—91. Week 4. Incentives theory and the firm Readings Eisenhardt, M, K. (1989). “Agency theory: An assessment and
review.” Academy of Management Review,
14(1), 57—74.
Week 5. Transaction cost theory. Core competencies. Case
Week 6. The impact of FDI and multinationals on local economies Readings
Week 7. The role of policies and institutions in FDI Readings Week 8. Roles of subsidiaries. The role of technology in the multinational corporation, issues of organization and management. Case Week 9. The process of internationalization and production strategies for multinationals. Dunning’s eclectic framework and investment development path. CaseIPC Corporation, Singapore (Ivey case 996G05) Readings Dunning, J. H. (2000). “The eclectic paradigm as an envelope for economic and business theories of MNE activity.” International Business Review, 9, 163—190. Johanson, J. and Vahlne, J.-E. (1977). “The Internationalization Process of the Firm-A Model of Knowledge Development and Increasing Foreign Market Commitments.” Journal of International Business Studies, 8(1), 23—32. Week 10. MNCs from emerging economies. Course wrap-up. Readings Kumar, N. (2007). “Emerging TNCs: trends, patterns and determinants of outward FDI by Indian enterprises.” Transnational Corporations, 16(1), 1—26. Gammeltoft, P. (2010). “Emerging multinationals, emerging theory: macro- and micro-level perspectives.” Journal of International Management, 16, 95—101. The Economist (2011). “Nipping at their heels.” http://www.economist.com/node/17957117 |