Microfoundations Approach to Risk and Uncertainty in the Uppsala Internationalization Process

<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>

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Year dc:date.available

2021

Author dc:creator

• Merli, John P.

Contributors dc:contributor

• Daniel W. Baack
• Tricia D. Olsen
• Michael S. Nalick

• Internationalization
• Microfoundations
• Political ideology
• Risk taking
• Business
• International Business
• Political Theory

Statement dc:rights

• <p>Copyright is held by the author. User is responsible for all copyright compliance.</p>

Language dc:language

en

Repository record dc:identifier

https://digitalcommons.du.edu/etd/1962

OAI identifier oai:identifier

oai:digitalcommons.du.edu:etd-2954