What lies between market and hierarchy? Insights from internalization theory and global value chain theory

• 成果类型: Article
• 署名作者: Strange, Roger; Humphrey, John
• 署名单位: University of Sussex
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/s41267-018-0186-0
• 发表日期: 2019
• 页码: 1401-1413
• 关键词: INTERNALIZATION THEORY; global value chain theory; EXTERNALIZATION; Outsourcing; Global factory

摘要

In this paper, we suggest that internalization theory might be extended by incorporating complementary insights from GVC theory. More specifically, we argue that internalization theory can explain why lead firms might wish to externalize selected activities, but that it is largely silent on the mechanisms by which those lead firms might exercise control over the resultant externalized relationships with their GVC partners. We advance an explanation linking the choice of control mechanism to two factors: power asymmetries between the lead firms and their GVC partners, and the degree of codifiability of the information to be exchanged in the relationship.