Three Essays on the Proactive Use of Political Risk

ISBN-13: 9783844327793 / Angielski / Miękka / 2011 / 244 str.

Alfredo Jimenez

Opis

This doctoral dissertation comprises three chapters that collectively examine the internationalization strategy of Spanish Multinational Enterprises (MNEs), focusing on the proactive use of political risk when selecting the location of their subsidiaries. The first chapter studies the relationship between political risk and scope of internationalization. Drawing on the Uppsala model, the diversification and the portfolio theory, the behavior of Spanish MNEs towards political risk is examined. The second chapter focuses on the new members of the European Union, paying special attention to political risk and the quality of institutions. The results show that there still exist differences between Eastern and Western regions when selecting the location of the FDI. Finally, the third chapter analyses FDI flows from Southern Europe to two nearby developing regions: North Africa and Central and Eastern Europe. Despite FDI flows are expected to fall due to higher political risk, those from the countries in the sample increase, because these MNEs are trying to take advantage of their political capabilities to obtain competitive advantages.

O autorze

ALFREDO JIMÉNEZ PALMERO (08/17/1983) The author holds a PhD in Business Economy and is currently working in the University of Burgos (Spain). He has also been a visiting scholar in different institutions in Norway and Italy. His research interests are foreign direct investment flows and the internationalization strategy of firms.