International Business at Universität Paderborn

Flashcards and summaries for International Business at the Universität Paderborn

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Exemplary flashcards for International Business at the Universität Paderborn on StudySmarter:

What is the normative pillar?

Exemplary flashcards for International Business at the Universität Paderborn on StudySmarter:

What types of of political systems exist?

Exemplary flashcards for International Business at the Universität Paderborn on StudySmarter:

What is international business? (IB)

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Exemplary flashcards for International Business at the Universität Paderborn on StudySmarter:

What are transaction costs?

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What is the gross national product? (GNP)

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What is foreign direct investment? (FDI)

Exemplary flashcards for International Business at the Universität Paderborn on StudySmarter:

What are emerging economies? (emerging markets)

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Exemplary flashcards for International Business at the Universität Paderborn on StudySmarter:

What is the expatriate assignment?

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What is a multinational enterprise? (MNE)

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What is the degree of formality?

Exemplary flashcards for International Business at the Universität Paderborn on StudySmarter:

What is the resource-based view?

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What is political risk?

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Exemplary flashcards for International Business at the Universität Paderborn on StudySmarter:

International Business

What is the normative pillar?

The mechanism through which norms influence individual and firm behaviour

International Business

What types of of political systems exist?

  • Democracy
  • Totalitarianism

International Business

What is international business? (IB)

A firm that engages in international (cross-border) economic activities and/or the action of doing business abroad

International Business

What are transaction costs?

The costs of organising economic transaction

International Business

What is the gross national product? (GNP)

GDP plus income from non-resident sources abroad

International Business

What is foreign direct investment? (FDI)

Investments in, controlling and managing value-added activities in other countries

International Business

What are emerging economies? (emerging markets)

Economies that only recently established  institutional frameworks that facilitate international trade and investment, typically wit low- or middle-level income and above average economic growth

International Business

What is the expatriate assignment?

A temporary job abroad with a multinational company.

International Business

What is a multinational enterprise? (MNE)

A firm that engages in forgeign direct investments and operates in multiple countries


International Business

What is the degree of formality?

Formal institutions:

  • laws 
  • regulations
  • rules
  • supportive pillars: Regulatory (coercive)

Informal institutions:

  • Norms
  • Culture
  • Ethics
  • Supportive pillars: Normative, cognitive

International Business

What is the resource-based view?

Firm-specific resources and capabilities (internal)

International Business

What is political risk?

A risk associated with political changes that may have a negative impact on domestic and foreign firms

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