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Behavioural theory and MNE decision making : changing the narrative in international business management
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Nardella, G., Narula, R. and Surdu, Irina (2021) Behavioural theory and MNE decision making : changing the narrative in international business management. In: Bozkurt, Ö. and Geppert, M., (eds.) A Research Agenda for International Business and Management. Elgar Research Agendas . Cheltenham, UK ; Northampton, MA, USA: Edward Elgar Publishing. ISBN 9781789902037
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Official URL: https://www.e-elgar.com/shop/gbp/a-research-agenda...
Abstract
Traditional international management theories tend to overlook that the cognitive limitations and biases of decision-makers may bound their ability to make rational, objective strategic choices. Most theories have not truly accounted for firm heterogeneity either, i.e. explaining why in similar contexts, two multinational enterprises (MNEs) may make different choices. This heterogeneity is not always rooted in differences in ‘firm-specific’ or ‘ownership’ advantages. We zoom in on how behavioural concepts, such as cognitive biases, heuristics and reference points, have the potential to complement extant MNE theorising. This chapter discusses the importance of using theories that make more realistic assumptions about MNE decisions and decision makers and are thus more suited to claim managerial relevance.
| Item Type: | Book Item | ||||||
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| Subjects: | B Philosophy. Psychology. Religion > BD Speculative Philosophy H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
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| Divisions: | Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Economics -- Psychological aspects, Heuristic, International business enterprises -- Decision making , Decision making , International business enterprises -- Management | ||||||
| Series Name: | Elgar Research Agendas | ||||||
| Publisher: | Edward Elgar Publishing | ||||||
| Place of Publication: | Cheltenham, UK ; Northampton, MA, USA | ||||||
| ISBN: | 9781789902037 | ||||||
| Book Title: | A Research Agenda for International Business and Management | ||||||
| Editor: | Bozkurt, Ö. and Geppert, M. | ||||||
| Official Date: | 28 June 2021 | ||||||
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| Number of Pages: | 248 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Reuse Statement (publisher, data, author rights): | This is a draft chapter. The final version is available in Research Agenda in International Business Management edited by Geppert, M. and Bozkurt, Ö., (eds.) published in June 2021, Edward Elgar Publishing Ltd http://dx.doi.org/10.4337/978XXXXXXXXXX.000XX | ||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||
| Date of first compliant deposit: | 4 December 2020 | ||||||
| Date of first compliant Open Access: | 28 December 2021 | ||||||
| Related URLs: |
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