Quotation Jimenez, Alfredo, Benito-Osorio, Diana, Puck, Jonas, Klopf, Patricia. 2018. The multi-faceted role of experience dealing with policy risk: The impact of intensity and diversity of experiences. International Business Review 27 (1), 102-112.




Firms learn from their previous experience, transfom routines into knowledge and thus develop capabilities. This holds for the market- and the non-market environment likewise. Experience is therefore useful to deal with policy risk arising from potential discretional and opportunistic behavior of political authorities, such as governments. We argue that firms can not only learn from the intensity of experience dealing with policy risk, but also from the exposure to a more diverse range of policy risk across different political environments. Testing a sample of 164 Spanish multinational firms, we find that the positive impact of diversity of experiences on the scope of internationalization is more important than the intensity of experience. Moreover, we also find a moderating impact between both types of experience. Overall, our findings emphasize the multi-faceted nature of experience and the need to disentangle the impact and interrelationships of its different components.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal International Business Review
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new STRAT-B, WH-B
Language English
Title The multi-faceted role of experience dealing with policy risk: The impact of intensity and diversity of experiences
Volume 27
Number 1
Year 2018
Page from 102
Page to 112
Reviewed? Y
DOI http://dx.doi.org/10.1016/j.ibusrev.2017.05.009


Puck, Jonas (Details)
Klopf, Patricia (Former researcher)
Benito-Osorio, Diana (Rey Juan Carlos University, Spain)
Jimenez, Alfredo (Kedge Business School, France)
Institute for International Business (Puck) (Details)
Institute for International Business IN (Details)
Institute for International Business (Nell) (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5300 Economics (Details)
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