TY  - JOUR
AB  - We examine the mode of international expansion as an equilibrium governance contract between home country and host country factor owner. The focus is on agency costs, a form of transactions costs. Two phenomena are shown to be related to the agency costs imposed by factor owners: (i) the choice of different modes of international expansion by one firm in different locations, and (ii) the simultaneous occurrence of several forms of foreign involvement in the same location. We attempt to characterize the dynamic relationship between the mode of an offshore operation and changes in factor market conditions that affect agency costs.
VL  - 18
IS  - 4
SN  - 1525-383X
DO  - 10.1108/1525383X201000020
UR  - https://doi.org/10.1108/1525383X201000020
AU  - Mirus Rolf
AU  - Yeung Bernard
PY  - 2010
Y1  - 2010/01/01
TI  - On The Mode of International Expansion: The Role of Agency Costs
T2  - Multinational Business Review
PB  - Emerald Group Publishing Limited
SP  - 71
EP  - 94
Y2  - 2024/04/19
ER  -