WHEN EXPERIENCE MEETS NATIONAL INSTITUTIONAL ENVIRONMENTAL CHANGE: FOREIGN ENTRY ATTEMPTS OF US FIRMS IN THE CENTRAL AND EASTERN EUROPEAN REGION

• 成果类型: Article
• 署名作者: Xia, Jun; Boal, Kimberly; Delios, Andrew
• 署名单位: Montclair State University; Texas Tech University System; Texas Tech University; National University of Singapore
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.794
• 发表日期: 2009
• 页码: 1286-1309
• 关键词: foreign entry; national institutional environment; experience; INSTITUTIONAL THEORY; transition economy

摘要

We develop an institutional change perspective to examine the tension that can exist between evolving external environmental influences and internal organizational influences on foreign entry attempts. Using data on the entries of 215 U.S. public firms made into I I Central and Eastern European transition economies during the period of 1990-2003, we find that shifts it? national institutional environments, from a socialist to a market economy, reduce the extent of challenges encountered to make a hierarchical entry, which leads to an increase in foreign hierarchical entry attempts but not necessarily to a decrease in relational entry attempts as institutional transformation. We find evidence of inertial influences as experienced entrants tend to follow their previous decisions when making subsequent entry attempts. Further, they are less responsive in their foreign entry strategies to the institutional transformation in a given host country than inexperienced firms. We also find that the experience gained from relational entries results in more hierarchical entry attempts, but hierarchical entry experience results in fewer relational entry, attempts. Copyright (C) 2009 John Wiley & Sons, Ltd.