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| Tekijä: | Martin, X. Salomon, R. |
| Otsikko: | Tacitness, Learning, and International Expansion: A Study of Foreign Direct Investment in a Knowledge- Intensive Industry |
| Lehti: | Organization Science
2003 : MAY-JUN, VOL. 14:3, p. 297-311 |
| Asiasana: | KNOWLEDGE-BASED SYSTEMS INVESTMENT LEARNING EXPERIENCE FOREIGN INVESTMENT |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the impact of knowledge tacitness on a firm's propensity to establish plants in foreign rather than domestic locations. The predictions build on knowledge-based, internalization, and evolutionary theories of foreign direct investment. The authors argue that the tacitness of technology has an inverted-U effect on the propensity to undertake foreign investment. The authors also expect that as a firm learns about a technology, it will become more likely to make foreign investments. The authors examine two forms of learning: that which accumulates as a function of the number of plants previously built by the firm (transfer-based learning), and that which accumulates as a function of time since the firm started using a technology (time-based learning). |
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