Common reasons mentioned for a firm's internationalization are related to advantages for the firm. However, if firms are conceptualized as political coalitions, this view does not seem to be sufficient to explain why and to what extent firms internationalize. A principal-agent theoretical...

Research on foreign direct investment has focused considerable attention on the moment of market entry, but less on the dynamics of investment in the post-entry phase. This paper centres the influence of uncertainty on investment, and develops a growth options model to explain the sequence of...

Previous work shows that multinationality creates firm value due to the potential of multiple host countries to provide operational flexibility. This paper examines whether this value effect on the stock market is backed by a profitability effect of exercising operational flexibility through...

The theories of internalization and internationalization provide general factors of international market entry but are not precise about its timing. The theory of real options may complement these approaches as it centers the impact of uncertainty on the timing and dimensioning of investment. A...

Innovationen sind der Treiber des Erfolgs von Unternehmen im internationalen Wettbewerb. Zur Entwicklung neuer Produkte und deren Einführung am Markt bedarf es der Kenntnis professioneller Methoden des Innovationsmanagements sowie der Fähigkeit, diese in der Praxis umzusetzen. Die Herausgeber...

Neue Auslandsgesellschaften als Investitionen unter Unsicherheit -- Erklärung ausländischer Direktinvestitionen -- Investitionen aus Sicht der Realoptionstheorie -- Optionsmodelle des Aufbaus neuer Auslandsgesellschaften -- Konzeption der Panelstudie -- Aufbau deutscher Auslandsgesellschaften...