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Valuation biases and the persistence of international joint ventures


Reference:

Klossek, A., Meyer, K. E. and Nippa, M., 2008. Valuation biases and the persistence of international joint ventures. In: Academy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008. Academy of Management.

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Abstract

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.

Details

Item Type Book Sections
CreatorsKlossek, A., Meyer, K. E. and Nippa, M.
DepartmentsSchool of Management
StatusPublished
ID Code29303
Additional Information68th Annual Meeting of the Academy of Management, AOM 2008; Anaheim, CA; 8-13 August 2008.

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