Since literature is not capable of providing a generally accepted answer to the question “What in fact is an international firm?” it is submitted that in this paper a definition should be given being operational in the context of this study.
Thus an international firm is defined as:
—a group of business bases subject to some degree of central managerial control;
—operating within geographically diversified markets subject to different political, legal and cultural spheres; and
—usually interdependent through some form of capital sharing.