Мultinational corporations in John Kenneth Galbraith’s theory of firm
Journal Title: Вісник Житомирського державного технологічного університету. Серія: економіка, управління та адміністрування - Year 2016, Vol 75, Issue 1
Abstract
The paper is aimed at the study of the ideological origins of multinational corporations from the perspective of the theory of firm by John Kenneth Galbraith. It has been established that the theory of firm by J.K. Galbraith had been and still is viewed by the scientific community primarily as the theory that describes an abstract firm operating in the national market, however is not referred to as the theory explaining company’s reasons and factors for entrance into the foreign markets. It has been proved that J.K. Galbraith’s theory of firm quite explains the phenomenon of multinational corporations (MNC) existence and is suitable for the analyzing the MNCs’ behavior in the emerging markets. The authors’ position concerning J.K. Galbraith’s contribution into development of the theory of multinational corporations has been grounded. The attention has been focused on the underestimation by the scientific community of the J.K. Galbraith’s theoretical heritage in developing of the theoretical basis for analysis of the MNCs’ behavior in the international markets and the importance of corporate management for implementation of the development strategies. This is connected with the necessity for developing a modern and effective corporation’s technostructure.
Authors and Affiliations
V. V. Bondarchuk, A. V. Raboshuk
Keywords
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