Valuation biases and the persistence of international joint ventures

A Klossek, Klaus E Meyer, M Nippa

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Investors often retain their initial set-up of an international joint venture (IJV) even when more beneficial alternatives have emerged. Such persistence appears inconsistent with rational decision-making. We analyze this persistence to advance the theoretical analysis of strategic decisions in international business with a focus on switches of ownership modes. More specifically, we propose a model that explains how cognitive biases may affect managerial valuations and thus decision-making regarding IJVs.
Original languageEnglish
Title of host publicationAcademy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008
PublisherAcademy of Management
Number of pages6
VolumeVol. 2008, No. 1
DOIs
Publication statusPublished - 2008
Event68th Annual Meeting of the Academy of Management - Anaheim, USA United States
Duration: 8 Aug 200813 Aug 2008

Conference

Conference68th Annual Meeting of the Academy of Management
Abbreviated titleAOM 2008
Country/TerritoryUSA United States
CityAnaheim
Period8/08/0813/08/08

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