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Winning tomorrow today? : entry mode mechanisms in nascent versus non-nascent industries : investigating eSports and Sports deals

datacite.subject.fosCiências Sociais::Economia e Gestãopt_PT
dc.contributor.advisorBertrand, Olivier
dc.contributor.authorSchwerdtfeger, Jan-Clemens
dc.date.accessioned2020-11-02T09:07:17Z
dc.date.available2020-11-02T09:07:17Z
dc.date.issued2020-07-02
dc.date.submitted2020
dc.description.abstractGrasping all mechanisms of entry mode decisions remains a puzzle to strategists. Although well researched in established industries and cross-border settings, literature exploring nascent industry expansion remains scarce. Entering such emerging industries bears particular challenges to managers as they juggle between exponential growth and enormous uncertainty in their governance choice formulation. While gaining great importance, literature fails to provide clear evidence on potential implications on entry mode decisions. This study addresses this gap. Precisely, it investigates how firms’ entry mode choices (among acquisitions and non-equity alliances) differ between nascent and non-nascent industries. To test this phenomenon, this study chooses the eSports business as empirical context, fulfilling numerous characteristics of emerging industries, and contrasts it to traditional sports as established counterpart. Combining two leading deal databases with manual data collection, this paper builds a dataset of 520 eSports and sports deals between 2015 and 2020. By running logistic regression, it becomes evident that entering nascent industries has a significant negative effect on acquisition probability. Vice versa, firms choose non-equity alliances more frequently in such novel contexts. The negative effect increases further when moderating the relationship with acquirer-target relatedness and diversification level. The results provide rich evidence that entry mode mechanisms differ in the presence of nascent industries, incrementing the likelihood of choosing non-equity alliances as governance. Among others, this paper identifies increased uncertainty and acquirers’ limited need for nascent resources and capabilities as potential reasons. Overall, this paper calls for additional research on nascent industries from a strategy perspective.pt_PT
dc.identifier.tid202522253pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.14/31216
dc.language.isoengpt_PT
dc.subjectNascent industriespt_PT
dc.subjectEntry modespt_PT
dc.subjecteSportspt_PT
dc.subjectCorporate diversificationpt_PT
dc.subjectNon-equity alliancespt_PT
dc.subjectAcquisitionspt_PT
dc.subjectStrategypt_PT
dc.titleWinning tomorrow today? : entry mode mechanisms in nascent versus non-nascent industries : investigating eSports and Sports dealspt_PT
dc.typemaster thesis
dspace.entity.typePublication
rcaap.rightsrestrictedAccesspt_PT
rcaap.typemasterThesispt_PT
thesis.degree.nameMestrado em Gestão e Administração de Empresaspt_PT

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