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 › Book chapter

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

Access to Document

10.5465/ambpp.2008.33724596

Cite this

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

@inbook{1caa4bba6fb148289f2cad92916935ef,

title = "Valuation biases and the persistence of international joint ventures",

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.",

author = "A Klossek and Meyer, \{Klaus E\} and M Nippa",

year = "2008",

doi = "10.5465/ambpp.2008.33724596",

language = "English",

volume = "Vol. 2008, No. 1",

booktitle = "Academy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008",

publisher = "Academy of Management",

address = "USA United States",

note = "68th Annual Meeting of the Academy of Management, AOM 2008 ; Conference date: 08-08-2008 Through 13-08-2008",

}

TY - CHAP

T1 - Valuation biases and the persistence of international joint ventures

AU - Klossek, A

AU - Meyer, Klaus E

AU - Nippa, M

PY - 2008

Y1 - 2008

N2 - 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.

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.

UR - https://www.scopus.com/pages/publications/84858412307

U2 - 10.5465/ambpp.2008.33724596

DO - 10.5465/ambpp.2008.33724596

M3 - Book chapter

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

Access to Document

Other files and links

Fingerprint

Cite this