Can Dunning's OLI (Ownership, Location, Internalization) framework be used to predict the best performing international entry modes or merely the most commonly selected modes? Using data German and Dutch firms investing in Central and Eastern Europe, we investigate the relationship between...

In this study, we examine foreign market entry mode choice and firm performance for a sample of European Union firms. Examining both financial and non-financial performance measures, we attempt to determine if firms that select their entry mode based on transaction cost, institutional context,...

For several decades, management scholars have extolled the virtues of using real option logic when making decisions under uncertainty. Real option logic suggests that in such situations, firms might be better off deferring or staging investments, minimizing potential financial losses, while at...

The influence of three country-specific strategies onthe decision of firms from other countries to establish a venture in Centraland East Europe (CEE) is studied. When foreign firms invest in CEE'semerging markets, typically they employ one of three strategies:market-seeking, client-following,...

In this paper we extend the corporate governance literature by combining stakeholder and strategic contingency theories to provide an explanation of how owners influence the financial performance of firms. We hypothesize that ownership influences financial performance through three other...