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Only recently the general assumption of a negative investment-uncertainty relationship has been questioned in the literature and some examples of a non-monotonic investment-uncertainty relationship have been found. By analyzing the influence of uncertainty on the probability to invest in a given time we show that the non-monotonicity of this relationship is(More)
Growth in the internationalization of R&D activity has increased in concert with the increasing use of strategic alliances. Typically, to date MNEs have preferred to internalize their R&D activities by setting up wholly owned subsidiaries or by acquiring a suitable target. By considering the sequential nature of market entry and the contingency for(More)
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