The paradox of nationality: foreign investment in Portuguese Africa (1890–1974)

Álvaro Ferreira da Silva and Pedro Neves


The nationality of contemporary multinational corporations has become increasingly ambiguous, and this ambiguity is far from exclusive to the current global economy; a similar past ambivalence occurred with multinational investments in Portuguese colonies. This study analyses how multinationals handle strategic decision-making and governance when the corporate centre is ambiguous. It uses archival data on actual corporate decisions to explore how the headquarters’ strategic and administrative functions split across national centres. The results emphasise that the balance of power among different locations depended ...

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