Host-country location decisions of early movers and latecomers: The role of local density and experiential learning
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AbstractService 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.
All Author(s) ListZhu H, Eden L, Miller SR, Thomas DE, Fields P
Journal nameInternational Business Review
Volume Number21
Issue Number2
Pages145 - 155
LanguagesEnglish-United Kingdom
KeywordsAgglomeration; Banks; Emerging market firms; Experiential learning; First mover; Foreign direct investment; Latecomer; Location; Service firms
Web of Science Subject CategoriesBusiness; BUSINESS; Business & Economics

Last updated on 2020-03-12 at 23:42