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Does political risk affect the scope of the expansion abroad? Evidence from Spanish MNEs
16 references·9 citing·34 second hop
Does political risk affect the scope of the expansion abroad? Evidence from Spanish MNEs (2010)Does political risk affect the scope of t…The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership (2009)The Uppsala internationalizat…New Tools in Comparative Political Economy: The Database of Political Institutions (2001)New Tools in Comparative Poli…INTERNATIONAL DIVERSIFICATION: EFFECTS ON INNOVATION AND FIRM PERFORMANCE IN PRODUCT-DIVERSIFIED FIRMS. (1997)INTERNATIONAL DIVERSIFICATION…FOREIGN ENTRY, CULTURAL BARRIERS, AND LEARNING (1996)FOREIGN ENTRY, CULTURAL BARRI…OVERCOMING THE LIABILITY OF FOREIGNNESS. (1995)OVERCOMING THE LIABILITY OF F…Toward a Theory of International New ventures (1994)Toward a Theory of Internatio…Explaining the formation of international new ventures: The limits of theories from international business research (1994)Explaining the formation of i…TOP MANAGEMENT TEAM DEMOGRAPHY AND CORPORATE STRATEGIC CHANGE. (1992)TOP MANAGEMENT TEAM DEMOGRAPH…The Mechanism of Internationalisation (1990)The Mechanism of Internationa…The Effect of National Culture on the Choice of Entry Mode (1988)The Effect of National Cultur…Econometric Models for Count Data with an Application to the Patents-R & D Relationship (1984)Econometric Models for Count …International Production and the Multinational Enterprise. (1982)International Production and …The Internationalization Process of the Firm—A Model of Knowledge Development and Increasing Foreign Market Commitments (1977)The Internationalization Proc…THE INTERNATIONALIZATION OF THE FIRM ? FOUR SWEDISH CASES (1975)THE INTERNATIONALIZATION OF T…Portfolio Selection: Efficient Diversification of Investments (1959)Portfolio Selection: Efficien…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…The Effect of Interpersonal Political Embeddedness on Firm Internationalization Scope (2020)The Effect of Interpersonal P…The Role of Non-market Strategies in Establishing Legitimacy: The Case of Service MNEs in Emerging Economies (2019)The Role of Non-market Strate…Risk management of manufacturing multinational corporations: the moderating effects of international asset dispersion and supply chain integration (2019)Risk management of manufactur…The multi-faceted role of experience dealing with policy risk: The impact of intensity and diversity of experiences (2017)The multi-faceted role of exp…The Effects of Home Country Political and Legal Institutions on Firms' Geographic Diversification Performance (2016)The Effects of Home Country P…How do past mode choices influence subsequent entry? A study on the boundary conditions of preferred entry modes of retail firms (2014)How do past mode choices infl…Flying under the radar: Foreign firm visibility and the efficacy of political strategies in emerging economies (2013)Flying under the radar: Forei…Proactive management of political risk and corporate performance: The case of Spanish multinational enterprises (2012)Proactive management of polit…Political Risk as a Determinant of Southern European FDI in Neighboring Developing Countries (2011)Political Risk as a Determina…The Theory of the Growth of the Firm (1995)Economic Action and Social Structure: The Problem of Embeddedness (1985)Absorptive Capacity: A New Perspective on Learning and Innovation (1990)The Theory of Economic Development (2003)Beyond Hofstede and GLOBE: Improving the quality of cross-cultural research (2010)Exporting challenges of SMEs: A review and future research agenda (2017)Gradual Internationalization vs Born-Global/International new venture models (2019)The social psychology of organizing (1969)Competitive Strategy: Techniques for Analyzing Industries and Competitors (1980)EFFECTS OF AGE AT ENTRY , KNOWLEDGE INTENSITY, AND IMITABILITY ON INTERNATIONAL GROWTH. (2000)Journal of International Business Studies (1975)Culture's Consequences: International Differences in Work-Related Values. (1983)The theory and practice of econometrics (1986)The Architecture of Cooperation: Managing Coordination Costs and Appropriation Concerns in Strategic Alliances (1998)INTERNATIONAL EXPANSION BY NEW VENTURE FIRMS: INTERNATIONAL DIVERSITY, MODE OF MARKET ENTRY, TECHNOLOGICAL LEARNING, AND PERFORMANCE. (2000)Conditional logit analysis of qualitative choice behavior (1972)On the Pooling of Time Series and Cross Section Data (1978)Specification Tests in Econometrics (1978)Aging, Obsolescence, and Organizational Innovation (2000)Simple solutions to the initial conditions problem in dynamic, nonlinear panel data models with unobserved heterogeneity (2005)Competition and Innovation: An Inverted U Relationship (2008)The Nature of the Firm (1937)Firm Resources and Sustained Competitive Advantage (1991)Firm resources and sustained competitive advantage (2004)Innovation, organizational capabilities, and the born-global firm (2004)The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields (1983)The New Institutionalism in Organizational Analysis (1991)DISTANCE MATTERS: LIABILITY OF FOREIGNNESS, INSTITUTIONAL DISTANCE AND OWNERSHIP STRATEGY (2004)The legitimacy of strategic alliances: an institutional perspective (2006)Who cares about corruption? (2006)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)
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References

  • 1977The Internationalization Process of the Firm—A Model of Knowledge Development and Increasing Foreign Market Commitments10,872 cited
  • 1988The Effect of National Culture on the Choice of Entry Mode6,253 cited
  • 1959Portfolio Selection: Efficient Diversification of Investments5,535 cited
  • 2009The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership4,621 cited
  • 1995OVERCOMING THE LIABILITY OF FOREIGNNESS.4,470 cited
  • 1994Toward a Theory of International New ventures3,983 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1975THE INTERNATIONALIZATION OF THE FIRM ? FOUR SWEDISH CASES3,667 cited
  • 1990The Mechanism of Internationalisation3,406 cited
  • 1984Econometric Models for Count Data with an Application to the Patents-R & D Relationship3,391 cited
  • 1992TOP MANAGEMENT TEAM DEMOGRAPHY AND CORPORATE STRATEGIC CHANGE.2,928 cited
  • 1997INTERNATIONAL DIVERSIFICATION: EFFECTS ON INNOVATION AND FIRM PERFORMANCE IN PRODUCT-DIVERSIFIED FIRMS.2,854 cited
  • 2001New Tools in Comparative Political Economy: The Database of Political Institutions2,798 cited
  • 1996FOREIGN ENTRY, CULTURAL BARRIERS, AND LEARNING1,849 cited
  • 1982

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International Production and the Multinational Enterprise.
1,723 cited
  • 1994Explaining the formation of international new ventures: The limits of theories from international business research1,689 cited
  • Cited by

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    • 2019The Role of Non-market Strategies in Establishing Legitimacy: The Case of Service MNEs in Emerging Economies89 cited
    • 2011Political Risk as a Determinant of Southern European FDI in Neighboring Developing Countries81 cited
    • 2012Proactive management of political risk and corporate performance: The case of Spanish multinational enterprises61 cited
    • 2017The multi-faceted role of experience dealing with policy risk: The impact of intensity and diversity of experiences51 cited
    • 2014How do past mode choices influence subsequent entry? A study on the boundary conditions of preferred entry modes of retail firms45 cited
    • 2019Risk management of manufacturing multinational corporations: the moderating effects of international asset dispersion and supply chain integration42 cited
    • 2020The Effect of Interpersonal Political Embeddedness on Firm Internationalization Scope41 cited
    • 2016The Effects of Home Country Political and Legal Institutions on Firms' Geographic Diversification Performance40 cited