Experience of emerging market firms: The role of cognitive bias in developed market entry and survival

作者: Douglas E. Thomas , Lorraine Eden , Michael A. Hitt , Stewart R. Miller

DOI: 10.1007/S11575-007-0055-8

关键词: Demographic economicsSurvival analysisEconomicsAffect (psychology)Developed marketAllianceEmerging marketsCognitive biasSample (statistics)MarketingOrganizational learning

摘要: Abstract and Key Results This paper draws on organizational learning theory to explain how experience influences the propensity for emerging market firms (using an event history analysis of a sample Latin American during 1990s) enter developed markets, their likelihood survival. We argue that is positively related firms’ entry survival in markets; however, cognitive biases affect roles played by other types decisions. Alliance with increases entry, but decreases survival. Failure markets reduces

参考文章(79)
Daniel Kahneman, Dan Lovallo, Delusions of success. How optimism undermines executives' decisions. Harvard Business Review. ,vol. 81, pp. 1- 10 ,(2003)
C. A. Bartlett, S. Ghoshal, Going Global: Lessons from Late Movers ,(2000)
F F Reichheld, LEARNING FROM CUSTOMER DEFECTIONS HARVARD BUSINESS REVIEW. ,vol. 74, pp. 56- 69 ,(1996)
Yui Kimura, Hae Kyoung Lee, Korean direct investment in manufacturing Journal of International Management. ,vol. 4, pp. 109- 127 ,(1998) , 10.1016/S1075-4253(98)00010-6
Donald C. Hambrick, Top Management Teams Wiley Encyclopedia of Management. pp. 23- 30 ,(2010) , 10.1057/9780230305335_2
Daniel Kahneman, Dan Lovallo, Delusions of Success Harvard Business Review. ,vol. 81, pp. 56- 63 ,(2003)
Jacqueline Kam, Developing Strategy by Learning to Learn from Failure The Journal of General Management. ,vol. 29, pp. 58- 76 ,(2004) , 10.1177/030630700402900404
Johannes M. Pennings, Harry Barkema, Sytse Douma, Organizational Learning and diversification Academy of Management Journal. ,vol. 37, pp. 608- 640 ,(1994) , 10.5465/256702
Kent Eriksson, Jan Johanson, Anders Majkgård, D. Deo Sharma, Experiential Knowledge and Costs in the Internationalization Process Journal of International Business Studies. ,vol. 28, pp. 337- 360 ,(1997) , 10.1057/PALGRAVE.JIBS.8490104