On October 12, 2017, an academic report co-organized by Marketing and Management Department of School of Management and Economics of Beijing Institute of Technology, Department of Organization and Human Resource Management and Joint Research Center of Chinese and Foreign Family Enterprises was held in Main Building room 418. The academic report was fortunate to invite Li Xin, an assistant professor at Copenhagen Business School in Denmark, to give a lecture entitled "Theoretical Exploration of Universalization of Enterprise Internationalization: Based on Strength of Power - Resource Value - Transaction Costs". The head of Human Resources Department of School of Management and Economics hosted the report. A number of teachers from the School of Management and Economics participated in the report.
First of all, Li Xin introduced the development history of the academic research on the universality theory of the internationalization of enterprises. The OLI (Ownership-Location-Internalization) model proposed by Professor Dunning focuses on the advantages of ownership, location and internalization, which can better explain the investment from developed regions or companies into backward regions or companies, but cannot explain reverse investment well. The 3L (Linkage-Leverage-Learning) model proposed by Professor Mathrews can explain the reverse investment from backwardness to developedness. Professor Li Xin stressed that although the two different phenomena can be well explained by both theories, neither theory can be used as a universal theory to explain that foreign multinationals that use Foreign Direct Investment as entry mode exist. In order to develop a general theory, Moon and Roehl proposed The Imbalance Theory of FDI theory based on Resource-Based View. However, the current citations of this theory in academia are still low.
