Information or influence? The benefits of experience for managing political uncertainty

Strategic Organization - Tập 2 Số 4 - Trang 389-421 - 2004
Witold J. Henisz1, Andrew Delios2
1 University of Pennsylvania, USA
2National University of Singapore, Singapore

Tóm tắt

We examine the extent to which two sources of uncertainty over the future policy environment - political hazards and regime change - influence foreign-owned subsidiary exit rates. We find that prior exits by peer firms enhance exit rates, particularly when political hazards are high. We also find that a multinational firm’s own experience under the current political regime has a moderating influence on subsidiary exit rates in the presence of political hazards, but it enhances exit rates after a change in the political regime. These findings support the argument that in contrast to the informational benefit conferred by prior peer firms’ exits, own firm experience proxies for actual or perceived influence in a nation’s policy-making process.

Từ khóa


Tài liệu tham khảo

10.5465/amr.1993.9309035148

10.1002/smj.4250130503

10.1093/icc/10.3.675

10.1287/mnsc.36.2.140

10.1002/(SICI)1097-0266(199602)17:2<151::AID-SMJ799>3.0.CO;2-Z

10.2307/256894

10.2307/41165788

Baron, David P., 1995, Sloan Management Review, 37, 73

10.1086/230541

10.5465/amr.1990.4310825

10.2307/2667019

10.1257/jep.12.3.151

Blossfeld, Hans-Peter, 1995, Techniques of Event History Modeling: New Approaches to Causal Analysis

10.5465/amr.1993.3997514

10.2307/2393316

10.2307/2393151

Cyert, Richard M., 1963, A Behavioral Theory of the Firm

10.1002/smj.355

10.2307/2393080

10.2307/2095101

10.2307/255685

10.2307/2392145

10.1057/palgrave.jibs.8490104

10.1111/0020-8833.00191

10.2307/2095547

10.2307/2094928

Geertz, Clifford, 1978, American Economic Review, 68, 28

10.2307/2393793

Greve, Henrich R., 1999, Population Level Learning and Industry Change, 57

10.2307/1556412

10.2307/3069378

Gurr, Ted. R., 2001, ‘Polity IV: Political Structures and Regime Change, 1800-2000’

10.4159/9780674038288

10.2307/2393296

10.2307/2393735

10.1287/orsc.12.3.253.10104

10.2307/3094871

10.1111/1468-0343.00066

10.1093/jleo/16.2.334

10.1177/14761270030014005

Henisz, Witold J., 2005, Academy of Management Review, 30

10.2307/1556404

Holburn, Guy, 2002, Advances in Strategic Management, 19, 33, 10.1016/S0742-3322(02)19002-4

10.1002/(SICI)1097-0266(199707)18:1+<75::AID-SMJ922>3.3.CO;2-Y

10.1016/S0742-3322(01)18005-8

10.1016/S0014-2921(99)00059-8

10.1057/palgrave.jibs.8490631

Kogut, Bruce, 1983, The Multinational Corporations in the 1980s, 35

10.1515/bap.1999.1.1.63

10.1146/annurev.so.14.080188.001535

10.2307/2096407

Lu, Jane W., 2002, Journal of International Business Strategy, 33, 19

March, James G., 1988, Decisions in Organizations

10.2307/2393676

10.5465/amr.1987.4306502

10.2307/2393514

Miner, Anne S., 1995, Research in Organizational Behavior, 17, 115

10.1002/smj.4250150705

10.1017/CBO9780511808678

10.2307/256702

Pfeffer, Jeffrey, 1978, The External Control of Organizations

10.2307/2657346

10.1023/A:1009620618662

10.1287/mnsc.44.4.571

Thompson, James D., 1967, Organizations in Action: Social Science Bases of Administrative Theory

10.2307/256683

10.1002/(SICI)1097-0266(199706)18:6<439::AID-SMJ884>3.0.CO;2-Y

Thông tin
Thông tin xuất bản

Strategic Organization

Tập 2 Số 4

389-421

Thông tin tác giả