S-Space College of Business Administration/Business School (경영대학/대학원) Dept. of Business Administration (경영학과) Theses (Master's Degree_경영학과)
Interaction of CEOs attitude towards risk and institution in deciding entry strategies -In Korean Biotechnology Industry-
CEO의 위험 인지와 제도의 상호작용이 FDI 전략에 미치는 영향: 한국의 바이오 산업을 중심으로
- In Kim
- 경영대학 경영학과
- Issue Date
- 서울대학교 대학원
- 학위논문 (석사)-- 서울대학교 대학원 : 경영학과 경영학전공, 2016. 8. 이동기.
- According to previous research, institution influences choice of the entrants and needs for resources impact entry strategies in different contexts. This perspective calling for considerations of institutional effects with their integration with RBV, however, lacks delicacy in that many firms nowadays do not seek either tangible asset or intangible assets only.
By setting CEOs attitude towards risk, this paper can explore beyond Meyer(2008)s review, which focused on the cost side rather than risk involved. Going beyond transaction cost and information cost, risk management actually matters in choosing entry mode of FDI. By focusing on each risk of entry mode choices, we can see how CEOs attitude actually influences entry mode decisions, through the CEOs perception of the risk involved.
To be specific, this paper examines how multinational companies choose among three modes of entry of FDI
JV, acquisition, and Greenfield operation. Hypotheses are tested by survey data with archival data from Korean Biotechnology Industry. Korean companies enter into 7 different Asian countries which show variation in the development degree of the institutions.