International joint ventures (IJVs) enable foreign firms to complement their lack of local knowledge and resources by accessing their local partners' knowledge and resource bases. However, IJV formation is not simply a means of overcoming legitimacy-related challenges that stem primarily from a...

Firms have variable risk preferences in decision-making processes, but previous studies in the field of international management tend to view firms as inherently risk averse, and risky location choice as rare and exceptional. Drawing upon the arguments of problemistic search and slack search, we...