Followers' entry timing: Evidence from the Spanish banking sector after deregulation

• 成果类型: Article
• 署名作者: Fuentelsaz, L; Gomez, J; Polo, Y
• 署名单位: University of Zaragoza
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.222.abs
• 发表日期: 2002
• 页码: 245-264
• 关键词: entry timing; geographic diversification; Spanish banking; savings banks; survival analysis

摘要

Much of the literature dedicated to the analysis of entry timing decisions has been devoted to the study of their consequences in terms of performance. However, only a limited amount of effort has been dedicated to analyzing the factors that determine these decisions. In addition, previous papers have centered their efforts on the product dimension, paying no attention to entry into new geographical markets. This paper departs from previous works in this respect and extends the entry timing literature through a consideration of the geographical side of entry. Our analysis shows that organizational size, organizational competence, and organizational experience appear as key factors when explaining the pattern of geographic diversification. Our results also indicate that diversification takes place sequentially, first proceeding to closer locations, then occupying markets further from the origin. Copyright (C) 2002 John Wiley Sons, Ltd.