This paper examines the role of uncertainty and imperfect local knowledge in foreign direct investment. The main idea … comes from the literature on investment under uncertainty, such as Pindyck (1991) and Dixit and Pindyck (1994). We … economic regulations) as well as uncertainty and the risks due to imperfect local knowledge, determine the attractiveness of …

rational description of the uncertainty inherent in both domains, the analysis of their interaction. Little research to date …

Generally speaking, psychologists have suggested three traditional views of how people cope with uncertainty. They are … uncertainty, such as the recent global financial crisis, these coping methods often result in innovation in industry. Richards … analysis, reveals that coping with uncertainty manifests itself in ways that have resulted in innovations in design, marketing …

two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing … data, support was found for the Bounded Rationality hypothesis; firms have less uncertainty about an acquisition … hypothesis; firms whose prior machines perform below aspiration levels seek more uncertainty in their subsequent acquisitions …