Valuation biases and the persistence of international joint ventures

A Klossek; Klaus E Meyer; M Nippa

doi:10.5465/ambpp.2008.33724596

Valuation biases and the persistence of international joint ventures

A Klossek, Klaus E Meyer, M Nippa

Management

TU Bergakademie Freiberg

Research output: Chapter or section in a book/report/conference proceeding › Chapter or section

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 language	English
Title of host publication	Academy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008
Publisher	Academy of Management
Number of pages	6
Volume	Vol. 2008, No. 1
DOIs	https://doi.org/10.5465/ambpp.2008.33724596
Publication status	Published - 2008
Event	68th Annual Meeting of the Academy of Management - Anaheim, USA United States Duration: 8 Aug 2008 → 13 Aug 2008

Conference

Conference	68th Annual Meeting of the Academy of Management
Abbreviated title	AOM 2008
Country/Territory	USA United States
City	Anaheim
Period	8/08/08 → 13/08/08

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10.5465/ambpp.2008.33724596

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Klossek, A, Meyer, KE & Nippa, M 2008, Valuation biases and the persistence of international joint ventures. in Academy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008. vol. Vol. 2008, No. 1, Academy of Management, 68th Annual Meeting of the Academy of Management, Anaheim, California, USA United States, 8/08/08. https://doi.org/10.5465/ambpp.2008.33724596

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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.",

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AU - Klossek, A

AU - Meyer, Klaus E

AU - Nippa, M

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AB - 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.

U2 - 10.5465/ambpp.2008.33724596

DO - 10.5465/ambpp.2008.33724596

M3 - Chapter or section

VL - Vol. 2008, No. 1

BT - Academy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008

PB - Academy of Management

T2 - 68th Annual Meeting of the Academy of Management

Y2 - 8 August 2008 through 13 August 2008

ER -

Valuation biases and the persistence of international joint ventures

Abstract

Conference

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