Two-stage choice process of FDI: Ownership structure and diversification mode

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dc.contributor.authorRuiz-Moreno, Felipeen
dc.contributor.authorMas-Ruiz, Francisco J.en
dc.contributor.authorNicolau, Juan Luisen
dc.date.accessioned2024-07-30T19:37:49Zen
dc.date.available2024-07-30T19:37:49Zen
dc.date.issued2007-07-01en
dc.description.abstractPrior literature on foreign direct investment examines single-stage decision making processes based on, either the ownership structure (full vs. partial ownership), the diversification mode (Greenfield vs. acquisition), or the simultaneity of both of them (with four independent alternatives as a result of combining the ownership structure and diversification mode decisions simultaneously). This study proposes that ownership structure and diversification mode are nested and non independent decisions. However, the sequential order of the two decisions, ownership structure and diversification mode, is unknown. Thus, the current study tests the single-stage process used by previous researchers versus the two different hierarchical two-stage processes (ownership structure choice precedes diversification mode choice; and diversification mode choice precedes ownership structure choice). The empirical findings support the existence of a two-stage choice process where ownership structure choice precedes diversification mode choice. The main implication of these findings is that, given the human limited analytical capability, a hierarchical choice process can be useful to handle the information overload and the complexity inherent to the foreign direct investment choices.en
dc.description.versionAccepted versionen
dc.format.extentPages 795-805en
dc.format.extent11 page(s)en
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1016/j.jbusres.2007.02.013en
dc.identifier.eissn1873-7978en
dc.identifier.issn0148-2963en
dc.identifier.issue7en
dc.identifier.orcidNicolau Gonzalbez, Juan [0000-0003-0048-2823]en
dc.identifier.urihttps://hdl.handle.net/10919/120780en
dc.identifier.volume60en
dc.language.isoenen
dc.publisherElsevieren
dc.relation.urihttp://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000247357100015&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=930d57c9ac61a043676db62af60056c1en
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectforeign direct investmenten
dc.subjecttwo-stage choice processen
dc.subjectdiversification modeen
dc.subjectownership structureen
dc.titleTwo-stage choice process of FDI: Ownership structure and diversification modeen
dc.title.serialJournal of Business Researchen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dc.type.otherJournalen
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Pamplin College of Businessen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/Hospitality and Tourism Managementen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/PCOB T&R Facultyen

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