CEO Experiences: Effects on the Choice of FDI Entry Mode*

Journal of Management Studies - Tập 43 Số 4 - Trang 755-778 - 2006
Pol Herrmann1,2, Deepak K. Datta1,2
1Iowa State University
2University of Texas at Arlington

Tóm tắt

abstract  Drawing on the strategic management and international business literatures, this study examines the relationships between the experiences of newly selected CEOs and their choice of foreign direct investment (FDI) entry modes. Based on a sample
 of 380 foreign market entry events involving acquisitions, greenfield investments, and joint ventures, our findings indicate that CEOs with less firm experience preferred acquisitions and greenfield investments to joint ventures and, older CEOs were more likely to opt for joint ventures over greenfield investments. In addition, CEOs with throughput functional experience favoured acquisitions over joint ventures and greenfield investments. Finally, CEO international experience was associated with a greater propensity to choose greenfield investments and acquisitions over joint ventures and also greenfield investments over acquisitions. The implications of the findings from the perspective of theory and managerial practice are discussed, along with possible directions for future research.

Từ khóa


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Journal of Management Studies

Tập 43 Số 4

755-778

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