The role of reference groups in international investment decisions by firms from emerging economies |
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| Authors: | Jiatao Li Fiona Kun Yao |
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| Institution: | 1. Hong Kong University of Science and Technology, Department of Management of Organizations, School of Business and Management, Clear Water Bay, Hong Kong;2. Haas School of Business, University of California, Berkeley, 2220 Piedmont Avenue, Berkeley, CA 94702, United States |
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| Abstract: | Investments in China by firms from emerging economies were studied to determine how various reference groups affect their foreign market entry behavior. Imitation was shown to be an important factor, but the mechanism seems to vary depending on the institutional environments in the host and the home market. Firms from emerging economies seem to rely on copying the entry decisions of peers from their home country, especially in locations where the risk of government meddling is greatest. The example of firms from developed economies was found to be less influential. |
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