The choice of entry mode in sequential foreign direct investment

• 成果类型: Article
• 署名作者: Chang, SJ; Rosenzweig, PM
• 署名单位: International Institute for Management Development (IMD); Korea University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.168
• 发表日期: 2001
• 页码: 747-776
• 关键词: mode of entry; Foreign direct investment; FOREIGN ENTRY; sequential investment; knowledge-based perspective

摘要

Relatively few studies have examined the importance of an entry's sequential position to the choice of foreign entry mode. We use a dynamic model to analyze sequential entries into the United States from 1975 to 1992. Our findings show that several independent variables which explain a firm's initial mode of entry do not explain the modes of subsequent entries. These findings underscore the importance of experience in foreign investment, as companies learn from early entries and adapt the modes of subsequent ones. Copyright (C) 2001 John Wiley & Sons, Ltd.