Abstract
Judgment and decision-making plays a significant role for the internationalization of firms. This concerns—first and foremost—two issues, which have been fittingly summarized by Peter Buckley and colleagues: Where should the international activity be located and how should it be controlled? Decisions concerning location choice as well as market entry mode have a defining influence on the success or the failure of the international venture. Hence, it is no exaggeration to argue that judgment and decision-making processes play a vital role in the context of the internationalization of firms.
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Notes
- 1.
- 2.
Cf. Andersson (2000, p. 63).
- 3.
- 4.
Cf. Vahlne and Johanson (2013, p. 190).
- 5.
Cf. Hennart (1982, p. 166).
- 6.
- 7.
- 8.
Andersson (2000, p. 64).
- 9.
Cf. Johanson and Vahlne (2009, p. 1426).
- 10.
Cf. Dunning (1979, p. 272).
- 11.
Cf. Johanson and Vahlne (1990, p. 11).
- 12.
Cf. Schmid (2002, p. 387).
- 13.
Cf. Penrose (2009, p. 8).
- 14.
Cf. Cyert and March (1963, p. 31).
- 15.
Cf. Aharoni (1966, pp. 14 ff.).
- 16.
- 17.
Cf. Andersen (1993, p. 210).
- 18.
- 19.
Cf. Forsgren and Johanson (2010, p. 284).
- 20.
Cf. Sullivan and Bauerschmidt (1990, p. 19).
- 21.
Cf. Schmid (2002, p. 390).
- 22.
- 23.
- 24.
Hutzschenreuter et al. (2007, p. 1056).
- 25.
In comparison to the date of publication of the initial study (1977).
- 26.
Cf. Johanson and Vahlne (2009, pp. 1411 ff.).
- 27.
Cf. Sect. 2.1.1.4 for a short insight into the significance of the theory of the firm.
- 28.
Cf. Brockner et al. (1986, p. 122).
- 29.
Cf. Sect. 2.2.1 for the previously outlined classification criteria.
- 30.
Cf. Johanson and Wiedersheim-Paul (1975, pp. 305 ff.).
- 31.
Cf. Johanson and Vahlne (1977, p. 24).
- 32.
Stage 3 and Stage 4 are in fact both foreign direct investments, yet, they fulfill very different tasks in the foreign market.
- 33.
- 34.
Cf. Andersen (1993, p. 222).
- 35.
Cf. Johanson and Vahlne (2009, p. 1422).
- 36.
Johanson and Vahlne (1977, p. 24).
- 37.
Cf. Johnston et al. (2012, p. 38).
- 38.
Cf. Johanson and Vahlne (1990, p. 13).
- 39.
- 40.
Cf. Sullivan and Bauerschmidt (1990, p. 20).
- 41.
Johanson and Vahlne (2009, p. 1421).
- 42.
- 43.
Cf. Rugman and Verbeke (2007, pp. 200 ff.).
- 44.
Cf. Petersen et al. (2003, pp. 39 ff.).
- 45.
Cf. Sullivan and Bauerschmidt (1990, p. 29).
- 46.
Johanson and Vahlne (2006, p. 166).
- 47.
Cf. Petersen et al. (2003, p. 42).
- 48.
- 49.
- 50.
- 51.
- 52.
Cf. Forsgren and Johanson (2010, p. 300).
- 53.
- 54.
Cf. Schmid (2002, p. 389).
- 55.
Cf. Sect. 2.2.4 of the present study for a summarizing overview of the mentioned criteria.
- 56.
Cf. Sect. 2.2.1 of the present study.
- 57.
Johanson and Vahlne (1977, p. 23).
- 58.
Johanson and Vahlne (2009, p. 1411).
- 59.
Johanson and Vahlne (1977, p. 23).
- 60.
Cf. Cyert and March (1963, pp. 114 ff.).
- 61.
Cf. Schmid (2002, p. 390).
- 62.
- 63.
Johanson and Vahlne (1990, p. 12).
- 64.
Cf. Schmid (2002, p. 390).
- 65.
Cf. Forsgren (2002, p. 267).
- 66.
Cf. Johanson and Vahlne (2009, p. 1412).
- 67.
Johanson and Vahlne (2009, p. 1412).
- 68.
Johanson and Vahlne (1977, p. 29).
- 69.
Cf. Forsgren (2002, p. 269).
- 70.
Johanson and Vahlne (1977, p. 31).
- 71.
Forsgren and Johanson (2010, p. 284).
- 72.
- 73.
Johanson and Vahlne (2009, p. 1412).
- 74.
Cf. Sect. 2.1.2.
- 75.
Cf. Sect. 2.1.2 for more information on the heuristics and biases program of bounded rationality.
- 76.
Cf. Buckley et al. (2007, p. 1072).
- 77.
Cf. Johanson and Vahlne (1977, p. 29).
- 78.
As stated in Sect. 1.4 of the present study.
- 79.
Cf. Sect. 2.2.2 for more information on the multi-dimensionality of JDM approaches.
- 80.
Cf. Forsgren and Johanson (2010, p. 284).
- 81.
Certainly, Expected Utility Theory and Prospect Theory present a different category of JDM approaches than the U-Model, which is not a typical JDM approach (despite providing certain decision-making information). Nevertheless, all three are depicted in Fig. 3.8 in order to give the reader a better chance of comparison.
- 82.
- 83.
Benito (2005, p. 236).
- 84.
Cf. Rugman (2009).
- 85.
Cf. Welch and Wiedersheim-Paul (1980, p. 22).
- 86.
Cf. Matthyssens and Pauwels (2000, p. 699).
- 87.
As of 2017, a short search with Google Scholar revealed 49 citations of which only an insignificant number appeared in IB related scientific journals.
- 88.
Brockner et al. (1986, p. 109).
- 89.
- 90.
Cf. the remarks on the Stewardship approach in Sect. 2.1.1.4.
- 91.
Cf. Sleesman et al. (2012, p. 547).
- 92.
- 93.
Cf. Barkema et al. (1996, p. 153).
- 94.
- 95.
- 96.
- 97.
Cf. Kalinic et al. (2014, p. 635).
- 98.
Cf. Johanson and Vahlne (2009, pp. 1421 ff.).
- 99.
Johanson and Vahlne (2009, p. 1421).
- 100.
Cf. Johanson and Vahlne (2009, p. 1420).
- 101.
Cf. Andersen (1993, p. 222).
- 102.
Cf. Sect. 1.3.
- 103.
Forsgren and Johanson (2010, p. 294).
- 104.
Cf. Hutzschenreuter et al. (2007, p. 1056).
- 105.
Cf. Donthu and Unal (2014, p. 210).
- 106.
Brockner et al. (1986, p. 122).
- 107.
- 108.
- 109.
Brockner et al. (1986, p. 110).
- 110.
Cf. Wong et al. (2006, p. 283).
- 111.
- 112.
Cf. Staw (1976, pp. 27 ff.).
- 113.
- 114.
- 115.
Cf. Kunz (2013, p. 209).
- 116.
Cf. Kunz (2013, p. 206).
- 117.
Cf. Chulkov (2007, p. 29).
- 118.
Cf. Tang (1988, p. 79).
- 119.
Staw (1981, p. 584).
- 120.
Staw (1981, p. 584).
- 121.
Staw (1981, p. 584).
- 122.
- 123.
- 124.
Cf. Brockner (1992, p. 41).
- 125.
Cf. Sleesman et al. (2012, p. 542).
- 126.
Cf. Savage (1972, p. 3).
- 127.
Staw (1981, p. 583).
- 128.
- 129.
Cf. Hammond (1998, p. 215).
- 130.
Cf. Sharp and Salter (1997, p. 102).
- 131.
Cf. Sect. 2.2.3.2 for a thorough presentation of ‘framing effects’.
- 132.
Brockner (1992, p. 51).
- 133.
Whyte (1986, p. 311).
- 134.
Cf. Brockner (1992, p. 51).
- 135.
Cf. Kunz (2013, p. 210).
- 136.
- 137.
- 138.
- 139.
Cf. Bazerman et al. (1984, p. 141).
- 140.
Cf. the comments on Staw’s experiment in Sect. 3.3.2 of the present study.
- 141.
- 142.
Brockner (1992, p. 40).
- 143.
Cf. Brockner (1992, p. 43).
- 144.
- 145.
- 146.
Cf. Goffman (1959, pp. 3–4).
- 147.
Cf. Jones and Pittman (1982, p. 233).
- 148.
Cf. Wong et al. (2006, p. 292).
- 149.
Cf. Brockner (1992, p. 56).
- 150.
- 151.
- 152.
Cf. Sleesman et al. (2012, p. 542).
- 153.
Sleesman et al. (2012, p. 542).
- 154.
- 155.
Cf. Staw and Ross (1987, pp. 44–48).
- 156.
Cf. Sleesman et al. (2012, p. 542).
- 157.
Staw and Ross (1987, p. 45).
- 158.
Cf. He and Mittal (2007, p. 226).
- 159.
Cf. Ross and Staw (1986, pp. 275–276).
- 160.
Rubin and Brockner (1975, pp. 1054 ff.).
- 161.
Brockner et al. (1981, pp. 68 ff.).
- 162.
McCain (1986, pp. 280 ff.).
- 163.
Northcraft and Wolf (1984, pp. 233–234).
- 164.
Cf. Staw and Ross (1989, pp. 216–217).
- 165.
- 166.
- 167.
- 168.
- 169.
- 170.
Sleesman et al. (2012, p. 544).
- 171.
A popular example in this regard is the waiting time for a bus that is not on time. Once somebody has begun to wait, it becomes increasingly harder abandon the bus station with every further minute invested.
- 172.
- 173.
Arkes and Blumer (1985, p. 126).
- 174.
Staw and Ross (1989, p. 217).
- 175.
Cf. Soman (2001, p. 169).
- 176.
- 177.
Arkes and Blumer (1985, p. 139).
- 178.
Cf. Sleesman et al. (2012, p. 543).
- 179.
Cf. Staw and Ross (1989, p. 217).
- 180.
Cf. Sleesman et al. (2012, p. 546).
- 181.
Conlon and Garland (1993, p. 402).
- 182.
Cf. Ting (2011, pp. 93 ff.).
- 183.
- 184.
Cf. Brockner et al. (1986, p. 111).
- 185.
- 186.
- 187.
- 188.
- 189.
- 190.
Cf. Staw and Ross (1987, p. 58).
- 191.
Cf. Sleesman et al. (2012, pp. 543–544).
- 192.
- 193.
- 194.
Cf. Chong and Syarifuddin (2010, p. 4).
- 195.
Cf. Ross and Staw (1986, p. 277).
- 196.
- 197.
Cf. Goodman et al. (1980, pp. 215 ff.).
- 198.
Staw and Ross (1989, p. 218).
- 199.
Cf. Staw and Ross (1987, p. 60).
- 200.
- 201.
Cf. Kish-Gephart and Campbell (2015, p. 1615).
- 202.
- 203.
Cf. Staw and Ross (1989, p. 218).
- 204.
Cf. Teger (1980, pp. 107 ff.).
- 205.
Cf. Brockner et al. (1979, p. 493).
- 206.
Cf. Staw and Ross (1989, pp. 216 ff.).
- 207.
- 208.
Staw and Ross (1987, p. 43).
- 209.
Cf. Sect. 3.3.4.1.
- 210.
- 211.
- 212.
Cf. Staw and Ross (1989, p. 218).
- 213.
- 214.
Cf. Staw and Ross (1989, p. 219).
- 215.
Cf. Oesterle (1993, pp. 81–101).
- 216.
For the sake of the development and discussion of hypotheses, internationalization process decision-making is reduced to decisions on (further) internationalization investments. Continued internationalization investments signify the maintenance of the internationalization process.
- 217.
Cf. Schwenk (1984, p. 117).
- 218.
- 219.
Cf. Sect. 3.3.4.4 for more information on structural forces for persistence.
- 220.
Cf. Dow and Karunaratna (2006, pp. 578–579).
- 221.
Cf. Beckerman (1956, p. 38).
- 222.
Cf. Brewer (2007, p. 44).
- 223.
Cf. Johnston et al. (2012, p. 38).
- 224.
Johanson and Vahlne (1977, p. 24).
- 225.
Cf. Magnusson and Boyle (2009, p. 77).
- 226.
Cf. O’Grady and Lane (1996, pp. 309–310).
- 227.
Cf. Kraus et al. (2015, pp. 1501 ff.).
- 228.
Cf. Brockner (1992, p. 51).
- 229.
- 230.
Cf. Sect. 3.2.1.1 of the present study for a summary of the internationalization pattern according to the Uppsala School of Thought.
- 231.
Cf. Pan and Tse (2000, pp. 535–536).
- 232.
- 233.
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Röber, B. (2018). Escalation of Commitment in Internationalization Processes. In: Escalation of Commitment in Internationalization Processes. MIR Series in International Business. Springer, Cham. https://doi.org/10.1007/978-3-319-69102-2_3
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