The World’s Largest Firms

  • Peter J. Buckley
  • Mark Casson


This chapter presents econometric evidence on the theory developed in Chapter 2. Section 4.2 describes the sample, which is based on a world-wide cross-section of large manufacturing firms, and indicates how the key variables have been measured. Section 4.3 develops and summarises the predictions of the theory, emphasising how the hypotheses can be formulated so as to be testable within the limits imposed by data availability. Section 4.4 reviews the statistical methodology. Section 4.5 presents formal tests of the hypotheses. Section 4.6 discusses possible mis-specifications of the statistical relationships and describes tests which have been made to check the sensitivity of the results to specification error. Section 4.7 summarises the main conclusions of the study.


Multinational Enterprise Parent Firm International Joint Venturis Multi Nationality Country Dummy Variable 


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  1. 3.
    The basic reference on classical multivariate analysis is M. G. Kendall and A. Stuart, The Advanced Theory of Statistics, 4th ed., vol. 2 (London, 1961).Google Scholar
  2. 5.
    J. H. Dunning, P. J. Buckley and R. D. Pearce, The Worlds Largest Firms, mimeo (Reading, 1975).Google Scholar

Copyright information

© Peter J. Buckley and Mark Christopher Casson 1976

Authors and Affiliations

  • Peter J. Buckley
  • Mark Casson

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