Concept information
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organization studies encyc
approaches to management theory
strategic management
political environments
Preferred term
compensation for expropriated property
Definition
- When a multinational firm (“parent company”) engages in foreign direct investment, defined here as financially investing in facilities or physical assets—usually through a foreign subsidiary—with the expressed purpose of exploring for, manufacturing, or marketing a product in a foreign country, it does so with the understanding that its property rights are legally recognized by the host country government. It is generally agreed that host country governments may unilaterally engage in nationalization of specific privately owned or public/privately owned industries, whereby industry assets revert to public ownership. [Source: Encyclopedia of Business in Today's World; Compensation for Expropriated Property]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/compensation_for_expropriated_property
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