Valuation biases and the persistence of international joint ventures
Klossek, A., Meyer, K. E. and Nippa, M., 2008. Valuation biases and the persistence of international joint ventures. Academy of Management.
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Investors often retain their initial set-up of an international joint venture (IJV) even when more beneficial alternatives have emerged. Such persistence appears inconsistent with rational decision-making. We analyze this persistence to advance the theoretical analysis of strategic decisions in international business with a focus on switches of ownership modes. More specifically, we propose a model that explains how cognitive biases may affect managerial valuations and thus decision-making regarding IJVs.
|Item Type||Conference or Workshop Items (UNSPECIFIED)|
|Creators||Klossek, A., Meyer, K. E. and Nippa, M.|
|Departments||School of Management|
|Additional Information||68th Annual Meeting of the Academy of Management, AOM 2008; Anaheim, CA; 8-13 August 2008.|
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