In this paper, we examine the relative importance of old and recent decision specific experience for MNC's foreign ownership structure decision. Using established procedures to measure decision specific experience construct, we find, from data for Japanese MNCs for the period 1969-1991,...

This study investigates potential moderating effects of firm's experience levels in the relationship between cultural distance and foreign ownership mode choice. Using the well established Japanese FDI data base, it is found that higher levels of experience, particularly decision-specific...

Two distinct forces may mask or weaken the significance of key independent variables in studies involving the foreign establishment mode decisions by multinational corporations (MNCs): (1) the 'mild' multicollinearity between key independent variables, and (2) the effect of multiple factors...

In this paper, we examine the importance of decision specific experience for a multinational firm's foreign ownership structure and establishment mode decisions. A unique procedure to measure the decision specific experience construct is developed. Based on data for the period 1969–1991, we...