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Risk and the strategy of foreign location choice in regulated industries

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
LDR  00000cab a2200000 4500
001  MAP20080032067
003  MAP
005  20081215155158.0
008  080924e20081001usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎921.5
100  ‎$0‎MAPA20080283025‎$a‎García-Canal, Esteban
24510‎$a‎Risk and the strategy of foreign location choice in regulated industries‎$c‎Esteban García-Canal, Mauro F. Guillén
520  ‎$a‎The firms in regulated industries react to macroeconomic and policy risks in sharply different ways. While they seek to avoid countries with high levels of macroeconomic uncertainty, the authors predict that they find it more attractive to expand into countries characterized by governments with discretionary policymaking capacities so as to be able to negotiate favorable conditions of entry. We also argue that firms are heterogeneous in their attitudes toward risk. We predict that firms in which the state holds a partial equity stake exhibit a more tolerant attitude. We also expect that as firms accumulate foreign experience, they develop an aversion toward further foreign entries into politically unstable markets. Support for these predictions is provided by an analysis of the Latin American market entries of all listed Spanish firms in regulated industries between 1987 and 2000
650 1‎$0‎MAPA20080630270‎$a‎Internacionalización de la empresa
650 1‎$0‎MAPA20080572945‎$a‎Multinacionales
650 1‎$0‎MAPA20080606091‎$a‎Estrategia empresarial
650 1‎$0‎MAPA20080579609‎$a‎Comercio exterior
650 1‎$0‎MAPA20080611231‎$a‎Inversiones extranjeras
651 1‎$0‎MAPA20080641894‎$a‎Iberoamérica
651 1‎$0‎MAPA20080637736‎$a‎España
7001 ‎$0‎MAPA20080193669‎$a‎Guillén, Mauro F.
7730 ‎$w‎MAP20077100307‎$t‎Strategic Management Journal‎$d‎Chichester : John Wiley & Sons, Ltd, 1991-2010‎$x‎0143-2095‎$g‎01/10/2008 Tomo 29 Número 10 - 2008, p. 1097-1115