...P.M. Rao; Ramdas Chandra; Jongtae Shin Purpose The purpose of this paper is to examine recent trends in R&D offshoring by US multinational enterprises (MNEs) against a well‐established conceptual framework derived from transaction cost and internalization theories, as well as challenges...

... explaining how outsourcing has transitioned from a mere economically convenient and transaction cost optimizing‐business decision to a more strategically driven initiative based on shared governance and decision‐making. Practical implications This integrated framework of comprehensiveness value...