Évf. 9 szám 1 (2010)
Tanulmányok
Outward direct investment versus technology licensing: an SME perspective
Megjelent
június 14, 2010
https://doi.org/10.21845/comp/2010/1/3Megtekintés
enKulcsszavak
internationalization outward foreign direct investment technology exploitation icensing entrepreneurship ecological engineering
Hogyan kell idézni
Selected stlye: APA
Szalavetz, A. (2010). Outward direct investment versus technology licensing: an SME perspective. Competitio, 9(1), 55–70. https://doi.org/10.21845/comp/2010/1/3
Absztrakt
Based on the example of the evolution and internationalization of a Hungarian wastewater treatment company, this paper investigates various theoretical and strategic management issues. As for the
theoretical part, Hungary’s outward direct investment performance is analyzed departing from the thesis that Hungary’s present seemingly favorable OFDI performance is just a statistical artifact. It is
only organic development, based on local entrepreneurs’ capital export that can substantiate Hungary’s present OFDI position. The strategic management issues analyzed in the paper include the sequencing of internationalization; the pitfalls related to growth; modes of foreign market entry; and the choice between FDI-based internal exploitation of technological knowledge and external technology exploitation in the form of technology licensing.
JEL codes: F23, L24, L26, O16, O33, Q57
Hivatkozások
Abernathy, W. – Utterback, J. [1978]: Patterns of Innovation in Technology. Technology Review, vol. 80, No. 7
Allen, J. – Nelson, M. (1999): Biospherics and Biosphere 2, mission one (1991–1993). Ecological Engineering, vol. 13, No. 1-4
Antalóczy, Katalin – Sass, Magdolna (2009): Emerging multinationals: the case of Hungary. Paper presented at the conference organized by Copenhagen Business School on ‘Emerging Multinationals: Outward Foreign Direct Investment from Emerging and Developing Economies’, Copenhagen, October 9-10, 2008, Mimeo
Brandenburger, A.M. – Nalebuff, B.J. (1996): Co-opetition. New York: Doubleday Dell Publishing Group
Bresnahan, T.F. – Trajtenberg, M. [1995]: General purpose technologies `Engines of growth’? Journal of Econometrics, vol. 65, No. 1
Dunning, J.H. (1980): Towards an eclectic theory of international production: some empirical tests. Journal of International Business Studies, vol. 11, No. 1
Dunning, J.H. (1981): Explaining the international position of countries: Towards a dynamic or developmental approach. Weltwirtschaftliches Archiv, vol. 117, No. 1
Dunning, J.H. (1986): The investment development path revisited. Weltwirtschaftliches Archiv, vol. 122, No. 4
Ernst & Young (2006): European Commission DG Environment: Eco-industry, its size, employment, perspectives and barriers to growth in an enlarged EU. Final report. http://ec.europa.eu/environment/enveco/eco_industry/pdf/ecoindustry2006.pdf
Gábor, R. István (1989): Second Economy and Socialism. The Hungarian Experience. In: Feige, E.L. (ed.) The Underground Economies. Tax Evasion and Information Distortion. Cambridge University Press, pp. 339-360
Helfat, C.E. – Finkelstein, S. – Mitchell, W. – Peteraf, M.A. – Singh, H. – Teece, D. J. – Winter, S. G. (2007): Dynamic Capabilities. Understanding Strategic Change in Organizations. Malden, Ma, Oxford: Blackwell Publishing
Hymer, S. (1976): The international operations of national firms: A study of direct foreign investment. Cambridge, MA: MIT Press
Johanson, J. – 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, vol.
, No. 1
Jovanovic, B. – Rousseau, B.L. [2005]: General Purpose Technologies. NBER Working Papers, No. 11093
Lichtenthaler, U. (2007): Corporate technology out-licensing: Motives and scope. World Patent Information, vol. 29, No. 2
Lichtenthaler, U. (2009): Product business, foreign direct investment, and licensing: Examining their relationships in international technology exploitation. Journal of World Business, vol. 44, No. 4
Lipsey, R. – Bekar, C. – Carlaw, K.I. [1998]: The Consequence of Changes in GPTs. In: Helpman, E. (Ed.) General Purpose Technologies. Cambridge, MA.: MIT Press, pp. 193-218
Major, Iván (2003): What makes Hungarian SMEs perform poorly? Acta Oeconomica, vol. 53, No. 2 p. 109-143
Monori, Gábor (2009): The activity of the Hungarian Small- and Medium-Sized Companies in China and South-East Asia. In: Studies on the Hungarian China Strategy 2008-2009 Budapest: IWE, forthcoming
Myers, S.C. (1984): The capital structure puzzle. Journal of Finance, vol. 39, No. 3
Myers, S.C. – Majluf, N. (1984): Corporate financing and information decisions when firms have information that investors do not have. Journal of Financial Economics, vol. 13, No. 2
Nelson, M. – Dempster, W.F. – Allen, J.P. (2009): The water cycle in closed ecological systems. Perspectives from the Biosphere 2 and Laboratory Biosphere systems. Advances in Space Research, in press
Oviatt, B. M. – McDougall, P. (1994): Toward a theory of international new ventures. Journal of International Business Studies, vol. 25, No. 1
Papp, M. (2009): A hazai víztechnológia K+F helyzetét befolyásoló jogi, gazdasági és társadalmi környezet kérdései. Background study prepared for the ’Strategic Research Plan’ of the Hungarian Water Technology Platform (www.nvp.hu)
Radosevic, S. – Savic, M. – Woodward, R. (2008): Knowledge-based entrepreneurship in Central and Eastern Europe: Myth and reality. UCL School of Slavonic and East European Studies, Centre for the Study of Economic and Social Change in Europe: Working Papers, No. 93
Stern, D. I. (2004): The Rise and Fall of the Environmental Kuznets Curve. World Development, vol. 32, No. 8
Szalavetz, Andrea (2010): Transformation and catching-up issues in Hungary from a network alignment perspective. Acta Oeconomica, forthcoming
Szerb, László – Ulbert, József (2002): A kis- és közepes vállalkozások növekedési potenciáljának átalakulásáról. (Transformation of SMEs’ growth potential) Vezetéstudomány, vol. 33. No. 7-8.
Teece, D. J. (1986): Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy. Research Policy, vol. 15, No. 6
Todd, J. (1997): Ecological Engineering, Living Machines and the Visionary Landscape. In: Etnier, C. – Guterstam, B. (eds.): Ecological Engineering for Wastewater Treatment. CRC Press (second edition) pp. 113-122
Utterback, J. [1994]: Mastering The Dynamics of Innovation. Boston, MA: Harvard Business School Press
Várhegyi, Éva (1996): Bankvezetők kiválasztása a nyolcvanas-kilencvenes években Magyarországon. (Selection of Bank Managers in the Hungary of the 80s and 90s) Szociológiai Szemle. No. 3-4
Vos, E. – Jia-Yuh Yeh, A. – Carter, S. – Tagg, S. (2007): The happy story of small business financing. Journal of Banking & Finance, vol. 31, No. 9
World Bank (1992): World Development Report. Development and the Environment. New York: Oxford University Press