Abstract
Transaction cost economics is a widely accepted framework to study foreign entry mode selection for enterprises. Asset specificity, coupled with behavioral and environmental uncertainties are the major determinants on firms’ mode choices. Nowadays, small and medium-sized enterprises play a vital role in international business which entrepreneurs are the locus of entry mode strategy formulation. Taking their dynamic managerial capabilities: managerial social capital, managerial cognition and managerial human capital into consideration can provide us with a wider lens on how entrepreneurial capabilities can minimize hazards arisen from behavioral and environmental uncertainties, hence safeguard the locomotive of transaction cost economics - asset specificity, results in weakening the propensity to choose hierarchical control over hybrid and market in this rapidly changing marketplace.
| Original language | English |
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| Publication status | Published - 6 Dec 2016 |
| Event | The 30th Australia and New Zealand Academy of Management Conference - Queensland University of Technology, Brisbane, Australia Duration: 6 Dec 2016 → 9 Dec 2016 |
Conference
| Conference | The 30th Australia and New Zealand Academy of Management Conference |
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| Country/Territory | Australia |
| City | Brisbane |
| Period | 6/12/16 → 9/12/16 |