TY  - CHAP
AB  - The success of multinational enterprises (MNEs) is at least as much a function of management ability and behavior as it is of industry characteristics or environmental factors. These managers display human limitations that affect judgment. Yet International business (IB) researchers tend to ignore management in their research, treating the firm as a black box. To the extent top management team (TMT) is considered, rational behavior in classical economic sense is assumed. Behavioral elements were studied by others in different fields. Clearly, managers behave according to different rules than those assumed in much of the IB literature. Further, managers are not part of a herd but unique. The result of such a lacuna is that theory fails to predict actual behavior and does not allow best guidance for policy options. The chapter summarizes research on behavioral decision making and calls for its application in future research in international business.
VL  - 15
SN  - 978-0-85724-555-7, 978-0-85724-556-4/1064-4857
DO  - 10.1108/S1064-4857(2011)0000015008
UR  - https://doi.org/10.1108/S1064-4857(2011)0000015008
AU  - Aharoni Yair
ED  - Ravi Ramamurti
ED  - Niron Hashai
PY  - 2011
Y1  - 2011/01/01
TI  - Behavioral Elements in Foreign Direct Investment Decisions
T2  - The Future of Foreign Direct Investment and the Multinational Enterprise
T3  - Research in Global Strategic Management
PB  - Emerald Group Publishing Limited
SP  - 23
EP  - 60
Y2  - 2024/09/21
ER  -