Purpose -The purpose of this paper is to extend the purview of internalisation theory in understanding the global allocation of resources in different institutional contexts. Design/methodology/approach -Theoretical extensions of internalisation theory are proposed in response to a comment. Findings -The traditional focus of internalisation theory can be extended beyond the normal market exchange context, first, by expanding the range of transactions; second, by including non-market actors; and third, by expa…
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