Cultural Distance and its Effect on Cross-Border Entry Mode: Latin American Evidence

This paper studies if "cultural distance" between two firms determines the entry mode of a foreign organization. We study two different modes of entering a market: cooperative agreements and acquisitions. We analyze a database that gathers 1,292 cooperative ventures and acquisitions in ten...

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Autores:
Pablo, Eduardo
Garay, Urbi
González Ferrero, Maximiliano
Tipo de recurso:
Work document
Fecha de publicación:
2013
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
spa
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/46362
Acceso en línea:
http://hdl.handle.net/1992/46362
Palabra clave:
Cultural Distance
Entry-Mode, Institutional Environment
Empresas internacionales - América Latina
Inversiones extranjeras - América Latina
Administración
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Pablo, Eduardo2002c7b9-26e8-4a4c-9d5e-39d2ef062883600Garay, Urbi6ffefd64-12f9-46e0-8b12-b1acbb329da6600González Ferrero, Maximiliano85326002020-09-21T15:18:56Z2020-09-21T15:18:56Z20131900-1606http://hdl.handle.net/1992/46362instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/This paper studies if "cultural distance" between two firms determines the entry mode of a foreign organization. We study two different modes of entering a market: cooperative agreements and acquisitions. We analyze a database that gathers 1,292 cooperative ventures and acquisitions in ten Latin American countries from 1998 to 2004. Evidence is consistent with firms selecting cooperative agreements over acquisitions the larger the cultural distance, particularly when we proxy cultural distance in two dimensions: individualism-collectivism and masculinity-femininity. Results hold when we run a logistic regression controlling for other variables among them, the Heritage Foundation Indexes, and a same-language dummy.En este trabajo se estudia si la "distancia cultural" entre dos firmas determina el modo de entrada en una organización extranjera. Estudiamos dos modos de entrada: acuerdos cooperativos y adquisiciones. Analizamos una base de datos de 1.292 acuerdos cooperativos y adquisidores en diez países latinoamericanos entre 1998 y 2004. La evidencia es consistente con la elección de acuerdos cooperativos a medida que la distancia cultural es mayor. En particular, usamos como proxy de la distancia cultural dos dimensiones: individualismo-colectivismo y masculinidad-femineidad. Los resultados se mantienen cuando corremos regresiones logísticas y controlamos por variables como el Heritage Foundation Index y una dummy por igualdad de lengua.Introduction. 1. Theoretical Background. 2. Data and Methodology. 3. Results. References.10 páginasapplication/pdfspaUniversidad de los AndesFacultad de AdministraciónGaleras de Administración, No. 36instname:Universidad de los Andesreponame:Repositorio Institucional SénecaCultural Distance and its Effect on Cross-Border Entry Mode: Latin American EvidenceDistancia cultural y su efecto en el modo de entrada en negocios transfronterizosDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPCultural DistanceEntry-Mode, Institutional EnvironmentEmpresas internacionales - América LatinaInversiones extranjeras - América LatinaAdministraciónFacultad de AdministraciónPublicationORIGINALGaleras-de-administración-36.pdfGaleras-de-administración-36.pdfapplication/pdf1567301https://repositorio.uniandes.edu.co/bitstreams/1327c47a-a3aa-4bee-91b0-eab6805599bb/downloadca10464dbb7c95eadcd410a4646ac743MD51THUMBNAILGaleras-de-administración-36.pdf.jpgGaleras-de-administración-36.pdf.jpgIM Thumbnailimage/jpeg1739https://repositorio.uniandes.edu.co/bitstreams/b8e61fe7-4281-46e0-8dd6-fb35e45ca0eb/download788c393542c07ca25a0b90b7e39f287bMD55TEXTGaleras-de-administración-36.pdf.txtGaleras-de-administración-36.pdf.txtExtracted texttext/plain48094https://repositorio.uniandes.edu.co/bitstreams/19b97c12-2f52-42bf-ad87-728d9c13e571/download7d7d03ef6e659e38570e533c61d4326aMD541992/46362oai:repositorio.uniandes.edu.co:1992/463622023-10-10 17:54:29.982http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Cultural Distance and its Effect on Cross-Border Entry Mode: Latin American Evidence
dc.title.alternative.none.fl_str_mv Distancia cultural y su efecto en el modo de entrada en negocios transfronterizos
title Cultural Distance and its Effect on Cross-Border Entry Mode: Latin American Evidence
spellingShingle Cultural Distance and its Effect on Cross-Border Entry Mode: Latin American Evidence
Cultural Distance
Entry-Mode, Institutional Environment
Empresas internacionales - América Latina
Inversiones extranjeras - América Latina
Administración
title_short Cultural Distance and its Effect on Cross-Border Entry Mode: Latin American Evidence
title_full Cultural Distance and its Effect on Cross-Border Entry Mode: Latin American Evidence
title_fullStr Cultural Distance and its Effect on Cross-Border Entry Mode: Latin American Evidence
title_full_unstemmed Cultural Distance and its Effect on Cross-Border Entry Mode: Latin American Evidence
title_sort Cultural Distance and its Effect on Cross-Border Entry Mode: Latin American Evidence
dc.creator.fl_str_mv Pablo, Eduardo
Garay, Urbi
González Ferrero, Maximiliano
dc.contributor.author.none.fl_str_mv Pablo, Eduardo
Garay, Urbi
González Ferrero, Maximiliano
dc.subject.keyword.none.fl_str_mv Cultural Distance
Entry-Mode, Institutional Environment
topic Cultural Distance
Entry-Mode, Institutional Environment
Empresas internacionales - América Latina
Inversiones extranjeras - América Latina
Administración
dc.subject.armarc.none.fl_str_mv Empresas internacionales - América Latina
Inversiones extranjeras - América Latina
dc.subject.themes.none.fl_str_mv Administración
description This paper studies if "cultural distance" between two firms determines the entry mode of a foreign organization. We study two different modes of entering a market: cooperative agreements and acquisitions. We analyze a database that gathers 1,292 cooperative ventures and acquisitions in ten Latin American countries from 1998 to 2004. Evidence is consistent with firms selecting cooperative agreements over acquisitions the larger the cultural distance, particularly when we proxy cultural distance in two dimensions: individualism-collectivism and masculinity-femininity. Results hold when we run a logistic regression controlling for other variables among them, the Heritage Foundation Indexes, and a same-language dummy.
publishDate 2013
dc.date.issued.none.fl_str_mv 2013
dc.date.accessioned.none.fl_str_mv 2020-09-21T15:18:56Z
dc.date.available.none.fl_str_mv 2020-09-21T15:18:56Z
dc.type.spa.fl_str_mv Documento de trabajo
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url http://hdl.handle.net/1992/46362
dc.language.iso.es_CO.fl_str_mv spa
language spa
dc.relation.ispartofseries.none.fl_str_mv Galeras de Administración, No. 36
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dc.format.extent.none.fl_str_mv 10 páginas
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dc.publisher.none.fl_str_mv Universidad de los Andes
dc.publisher.faculty.none.fl_str_mv Facultad de Administración
publisher.none.fl_str_mv Universidad de los Andes
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