What are Ownership Advantages?

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Multinational Business Review

ISSN: 1525-383X

Online from: 2003

Subject Area: International Business

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Document Information:
Title:	What are Ownership Advantages?
Author(s):	Sarianna M. Lundan, (Chair in International Management and Governance at the University of Bremen in Germany)
Citation:	Sarianna M. Lundan, (2010) "What are Ownership Advantages?", Multinational Business Review, Vol. 18 Iss: 2, pp.51 - 70
Keywords:	Firm growth, Institutional advantages, OLI paradigm, Ownership advantages
Article type:	General review
DOI:	10.1108/1525383X201000010 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Abstract:	In this paper we examine three distinct types of ownership advantages, and argue that these are associated with three different kinds of limits to the growth of the firm. For some firms, the inability to regenerate its asset-based advantages is critical, while for others, the inability to effectively coordinate its assets (inside or outside the firm), or the inability to negotiate the nonmarket environment are more salient. We think that the identification of different analytical categories of ownership advantages enables the construction of better proxies in empirical research, and helps to explain the limited geographical reach of MNEs observed in the literature.