The international diversification benefits of U.S.‐traded equity products

O'Hagan‐Luff, Martha; Berrill, Jenny

doi:10.1002/ijfe.1714

Cited by 10 publications

(4 citation statements)

References 78 publications

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“…International business scholars have argued that international diversification is important because it exploits foreign market opportunities and imperfections through internationalisation (Bing et al, 2018). They have discussed that international diversification allows firms to spread risks (Dagnino et al, 2019), achieve economies of scale and scope (De Massis et al, 2018), sell to new customers (Konno, 2017) and reap additional returns from investments in marketing and innovation (O'Hagan-Luff and Berrill, 2019). Working in multiple environments allows firms to leverage location differences that exist in each of them (Shams et al, 2021).…”

Section: Resultsmentioning

confidence: 99%

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Unveiling the synergy: entrepreneurial effectuation and alliance-driven SME diversification

Alam,

Masroor,

Nabi

et al. 2024

RIBS

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Purpose Internationalisation is a complex and uncertain process for small and medium-sized enterprises (SMEs), characterised by challenges such as limited resources, lack of international experience and uncertainty in foreign markets. This study aims to explore the impact of entrepreneurial effectuation on the diversification of products and market expansion. Additionally, it examines the mediating role of alliance capabilities in this relationship. Design/methodology/approach This study developed five hypotheses based on an extensive and relevant literature review. Data were collected using nonprobability judgemental and snowball sampling techniques from 202 software exporting firms in Bangladesh to measure the relationship. Data collected from the survey were then analysed using partial least squares-structural equation modelling. Findings The results of this study show that all five hypotheses developed in this study are supported. This study found a positive impact of entrepreneurial effectuation on product and market diversification. Study results also show that alliance capabilities mediate the relationship between entrepreneurial effectuation and product and market diversification. Research limitations/implications In the face of internationalisation uncertainties, SMEs use effectual decision-making logic and form strategic alliances to enhance their competitive positions. This research contributes to understanding how SMEs use effectuation in navigating international markets and expanding their product portfolios and market reach. Originality/value This study pioneers a mediation approach to explore the relationship between entrepreneurial effectuation, alliance capabilities and diversification in SME internationalisation. Examining the interplay of decision-making logic and collaborative ventures, this study offers insights into the complexities of SME internationalisation in uncertain environments.

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Section: Resultsmentioning

confidence: 99%

“…, 2019), achieve economies of scale and scope (De Massis et al. , 2018), sell to new customers (Konno, 2017) and reap additional returns from investments in marketing and innovation (O’Hagan-Luff and Berrill, 2019). Working in multiple environments allows firms to leverage location differences that exist in each of them (Shams et al.…”

Section: Resultsmentioning

confidence: 99%

Unveiling the synergy: entrepreneurial effectuation and alliance-driven SME diversification

Alam,

Masroor,

Nabi

et al. 2024

RIBS

View full text Add to dashboard Cite

show abstract

“…Adaptation to investor bias involves working around existing investor bias rather than consciously addressing the bias. For example, financial advisors could mitigate their clients' home biases by encouraging investment in locally headquartered, multinational companies (O'Hagan‐Luff & Berrill, 2019). Evidence suggests that financial advisors are able to enhance investors' financial awareness and financial literacy as a sustainable source of education (Migliavacca, 2020).…”

Section: Resultsmentioning

confidence: 99%

Towards an integrated debiasing framework for consumer financial decisions: A reflection on debiasing research

Jugnandan

Willows

2023

Int J Consumer Studies

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Consumers are subject to cognitive biases, which impede the rationality of their financial decisions. This is problematic, given the onus on the individual to make investment and savings decisions. Thus, there is an impetus for research to identify mitigation strategies. This qualitative review surveys the debiasing literature to identify the prevalent debiasing approaches and proposes an integrated model towards debiasing. The identified core debiasing strategies (education and training, decision support systems, information aspects, experience, and financial advice) are organized and integrated into a single model using the 'Antecedents, Decisions, Outcomes' format developed by Paul and Benito. We also propose an agenda for future debiasing research.

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“…According to Martin and Wagner (2019), investment in stocks is characterized by a high rate of return in the long term with high risk. The stock market is one of a well-known and preferable investment platforms because of impressive returns, diversification benefits and the fact that it is a safe place to invest for the long term (Abbes and Trichilli, 2015;Arouri et al, 2015;Guidi and Ugur, 2014;Lodhi, 2014;O'Hagan-Luff and Berrill, 2019;Rosenberg, 2022). It has been stated that saving and investing is the only way to attain financial security (U.S. Securities and Exchange Commission, 2011).…”

Section: Introductionmentioning

confidence: 99%

The impact of brand familiarity, perceived trust and attitude on investors’ decision-making in Islamic stock market

Husin

Aziz

Bhatti

2022

JIMA

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Purpose This paper aims to investigate the influence of investors’ attitudes on their decision-making. Two subjective perception factors, brand familiarity and perceived trust, were proposed to influence investors’ attitudes and decision-making. This paper also suggests the potential mediating effect of attitude on decisions on Islamic stock investment. Design/methodology/approach Data were collected using a primary data collection method. Questionnaires were used and distributed to a sample size of 250 Malaysian investors in the Klang Valley aged between 25 and 50 years old. Data were analysed using SPSS and Structural Equation Modelling–Partial Least Squares. Findings Seven hypotheses were proposed, and six were supported. The findings show that brand familiarity and perceived trust have a significant relationship with attitude. Brand familiarity and attitude have a significant relationship with investment decision behaviour. The relationship between perceived trust and attitude also reveals significant findings. However, perceived trust was found to have an insignificant relationship with investment decision behaviour. Mediation analysis shows that attitude mediates the relationship between brand familiarity and investment decision behaviour. Attitudes are also found to mediate the relationship between perceived trust and investment decision behaviour. Practical implications It is recommended that publicly listed companies emphasize and devote extra efforts to enhancing investors' familiarity with and favour their brand. In addition, to build an investor’s trust, a company must be consistent in dividend payments. Such action may improve the probability of the company’s stock being chosen for investment. Originality/value Subjective perceptions of investors' decision-making in Islamic stock investment have yet to be thoroughly explored in the literature, especially in the Malaysian context. In this paper, the indirect relationship between brand familiarity and perceived trust in attitude is tested. This paper contributes to consumer behaviour and marketing of Islamic stock investment research area.

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The international diversification benefits of U.S.‐traded equity products

Cited by 10 publications

References 78 publications

Unveiling the synergy: entrepreneurial effectuation and alliance-driven SME diversification

Unveiling the synergy: entrepreneurial effectuation and alliance-driven SME diversification

Towards an integrated debiasing framework for consumer financial decisions: A reflection on debiasing research

The impact of brand familiarity, perceived trust and attitude on investors’ decision-making in Islamic stock market

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