This study answers rising calls in International Business to employ a microfoundations approach for greater insight on differences in managerial cognition for entering business in high-risk locations. Consequently, findings challenge the Uppsala model’s longstanding stance concerning the risk-internationalization association governed by strict firm-level analysis. I examine CEO decision-making through the lens of their values, represented by their political ideology score along the liberal-conservative continuum, to offer greater predictability for rationalizing strategic choices. Accordingly, political ideology proved a significant predictor for explaining the circumstances in which CEOs elect high-risk locations based on their political ideology’s degree of liberalism. Additionally, its interactions with prominent predictors, such as managerial discretion and compensation incentives, underscore how these influences are perceived differently between liberals and conservatives’ perception of risk.
","abstract_html":"<p>This study answers rising calls in International Business to employ a microfoundations approach for greater insight on differences in managerial cognition for entering business in high-risk locations. Consequently, findings challenge the Uppsala model’s longstanding stance concerning the risk-internationalization association governed by strict firm-level analysis. I examine CEO decision-making through the lens of their values, represented by their political ideology score along the liberal-conservative continuum, to offer greater predictability for rationalizing strategic choices. Accordingly, political ideology proved a significant predictor for explaining the circumstances in which CEOs elect high-risk locations based on their political ideology’s degree of liberalism. Additionally, its interactions with prominent predictors, such as managerial discretion and compensation incentives, underscore how these influences are perceived differently between liberals and conservatives’ perception of risk.</p>","abstract_has_math":false,"creators":["Merli, John P."],"institution":null,"degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":null,"degree_department":null,"school":null,"contributors":["Daniel W. Baack","Tricia D. Olsen","Michael S. Nalick"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2021,"date_issued":"2021-01-01T08:00:00Z","date_published":"2021-01-01T08:00:00Z","updated_at":"2026-07-24T02:03:03Z","subjects":["Internationalization","Microfoundations","Political ideology","Risk taking","Business","International Business","Political Theory"],"languages":["en"],"rights":["Copyright is held by the author. User is responsible for all copyright compliance.
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