Host-country location decisions of early movers and latecomers: The role of local density and experiential learning

被引：26

作者：

Zhu, Hong ^{[2
]}

Eden, Lorraine ^{[1
]}

Miller, Stewart R. ^{[3
]}

Thomas, Douglas E. ^{[4
]}

Fields, Paige ^{[1
]}

机构：

[1] Texas A&M Univ, College Stn, TX 77843 USA

[2] Chinese Univ Hong Kong, Shatin, Hong Kong, Peoples R China

[3] Univ Texas San Antonio, San Antonio, TX 78249 USA

[4] Univ New Mexico, Albuquerque, NM 87131 USA

来源：

INTERNATIONAL BUSINESS REVIEW | 2012年 / 21卷 / 02期

关键词：

Agglomeration; Banks; Emerging market firms; Experiential learning; First mover; Foreign direct investment; Latecomer; Location; Service firms; FOREIGN DIRECT-INVESTMENT; UNITED-STATES; INTERNATIONAL EXPANSION; MULTINATIONAL-CORPORATIONS; ENTRY DECISIONS; FIRM RESOURCES; BANKS; AGGLOMERATION; PERFORMANCE; COMPETITION;

D O I：

10.1016/j.ibusrev.2011.02.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Service firms such as banks and hotels typically locate multiple foreign affiliates in the same host country. Often, these location patterns occur in waves with early movers followed by latecomers; for example, the early entries of Japanese banks into the U.S. market in the 19705 and 1980s were followed by emerging-market Asian banks in the 1990s. Using insights from the agglomeration and organizational learning literatures, we argue that local density and experiential learning affect location choices within a host country, and that these relationships differ between early movers and latecomers. We test and find support for our arguments using a sample of Asian banks in the United States over 1997-2003. (C) 2011 Elsevier Ltd. All rights reserved.

引用

页码：145 / 155

页数：11