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Management International Review
Erschienen in: Management International Review 6/2012

01.12.2012 | Research Article

Political Institutional Change, Obsolescing Legitimacy, and Multinational Corporations

The Case of the Central American Banana Industry

verfasst von: Assoc. Prof. Marcelo Bucheli, Ph.D., Assist. Prof. Min-Young Kim, Ph.D.

Erschienen in: Management International Review | Ausgabe 6/2012

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Abstract

  • This paper studies the practice of integration of influential host country actors to a multinational corporation as a strategy to decrease problems of legitimacy to the foreign firm before the host country’s society.
  • By developing the concept of obsolescing legitimacy, we argue that this strategy provides legitimacy to the foreign firm only in the absence of institutional changes at the macro-political level in the host country. Once these changes take place, an alliance by the multinational to an elite or a political system no longer ruling the host country will become a liability and will generate problems of legitimacy for the multinational.
  • We illustrate our argument with the case of the US multinational United Fruit Company in Central America.
Vorheriger Artikel Progressive Focusing and Trustworthiness in Qualitative Research
Nächster Artikel International Diversification

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Fußnoten
1
This database provides information on security prices, return, and volume of shares traded from the NYSE, AMEX, and NASDAQ indices. From the CRSP we used the PERMNO identifier, which allows us to conduct uninterrupted time-series analysis, regardless of changes in the Committee on Uniform Security Identification Procedures (CUSIP) identifier, ticker, company name, or the Standard Industrial Classification (SIC) Code.
 
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Metadaten
Titel
Political Institutional Change, Obsolescing Legitimacy, and Multinational Corporations
The Case of the Central American Banana Industry
verfasst von
Assoc. Prof. Marcelo Bucheli, Ph.D.
Assist. Prof. Min-Young Kim, Ph.D.
Publikationsdatum
01.12.2012
Verlag
SP Gabler Verlag
Erschienen in
Management International Review / Ausgabe 6/2012
Print ISSN: 0938-8249
Elektronische ISSN: 1861-8901
DOI
https://doi.org/10.1007/s11575-012-0141-4

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