いわゆる「のれん代」からみた多国籍企業の独占的産業株式資本への転化

The greenfield-type foreign direct investment (FDI) is different from the M&A-type FDI, since the latter incurs so-called‘goodwill’to the investor.Since S.Hymer, most theorists on multinational corporations (MNCs) with the exception of R.Aliber and R. Caves, have paid so little attention to this fact that they could not perceive the transformation of the MNC from industrial capital into industry-equity capital.The logical transformation of this process leads MNCs to be conglomerate-type of industry-equity capital in the last stage, in which MNCs are in pursuit for maximizing capital gains as their driving force.