Seminario en el Departamento de Estrategia de BI Norwegian Business School en Oslo, Noruega. Jueves 6 de abril de 2017
"MANAGERS' EVALUATIONS OF ENTRY INVESTMENT OPPORTUNITIES:
AN EXPERIMENTAL STUDY OF INDIVIDUAL- AND FIRM-LEVEL EFFECTS"
Prof. Africa Ariño
Alumno del programa PhD
IESE Business School
Prof. Jeffrey J. Reuer
Universidad de Colorado
Prof. Beverly B. Tyler
Universidad Estatal de Carolina del Norte
Taking an upper echelons approach, this paper contributes to the literature on entry-mode choice by experimentally assessing how the effects of individual-level experiences on managers’ evaluations of entry investment opportunities are moderated by firm-level experiences. We investigate how managers’ experience with international joint ventures (IJVs) and the psychic distance from their home countries to the host country both affect those evaluations. We examine how their firms’ experience with IJVs moderates those effects. We find: (1) IJV-experienced managers have a greater preference for IJVs over acquisitions if their firms have no IJV experience; (2) their preference for IJVs over acquisitions is greater the greater the psychic distance between the managers’ home countries and the host country; and (3) a firm’s experience with IJVs attenuates these effects.