Reconstructing MNE-host country bargaining model in the international oil industry

Serik Orazgaliyev

doi:10.1080/19186444.2018.1436646

Reconstructing MNE-host country bargaining model in the international oil industry

Serik Orazgaliyev

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

The purpose of this paper is to reconstruct a model of multinational enterprise (MNE)-host country (HC) relationship in the international petroleum industry. For such a purpose, this study draws on the lenses of the MNE-HC bargaining theoretical framework. Using a comprehensive case study as the primary research method, it attempts to answer the question of how the power balance between oil MNEs and host government changed in Kazakhstan between 1991 and 2012. The results bear out the viability of the obsolescing bargain theory, although they suggest that the existing theoretical framework does not fully capture the dynamics of bargaining power balance. Specifically, they extend Raymond Vernon’s ‘Obsolescing Bargain Model’ (1971) by considering firm resources and host country resources together, along with external factors influencing the MNE-HC relationship.

Original language	English
Pages (from-to)	30-42
Number of pages	13
Journal	Transnational Corporations Review
Volume	10
Issue number	1
DOIs	https://doi.org/10.1080/19186444.2018.1436646
Publication status	Published - Jan 2 2018

Keywords

Bargaining model
Kazakhstan
MNE-host country
petroleum industry

ASJC Scopus subject areas

Economics and Econometrics
Finance
Business and International Management
Strategy and Management

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