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THE 2012 JIBS DECADE AWARD
The Selection Committee for the JIBS Decade Award is pleased to announce
that the article "Institutional, cultural and transaction cost influences on
entry mode choice and performance" by Keith Brouthers (North Carolina State
University) has been selected as the winner of the 2012 JIBS Decade Award.
The award, sponsored by Palgrave Macmillan, is designed to recognize the
most influential paper published in the Journal of International Business
Studies ten years prior and is presented at the annual AIB conference. In
order to be considered for the JIBS Decade Award, an article must be one of
the five most cited articles published in JIBS for the year being
considered.
This year's Selection Committee members were Xavier Martin (Chair, selected
by the JIBS Editor-in-Chief), the current AIB Program Chair Susan Feinberg,
and the previous AIB Program Chair Shige Makino. JIBS Editor-in-Chief John
Cantwell was an ex officio, non-voting committee member. The Selection
Committee examined total citations, total number of journals citing the
paper, and total number of leading journals (excluding JIBS) citing the
paper to determine the top five most cited articles. The Committee read and
discussed the top five nominees and then voted on the winning article.
In recommending the award-winning article, the Committee noted that: "In
setting out to integrate institutional, cultural and transaction cost
explanations of entry mode choice and performance, Keith Brouthers not only
provided a still-current advance in the understanding of entry modes, but
prefigured the rise of institutional explanations alongside transaction cost
explanations in this area of IB. The impressive survey-based dataset and its
analysis also anticipated conceptual advances and now-burgeoning research on
topics such as investment risk, search costs, and financial vs.
non-financial perceptions of performance. Furthermore, Keith Brouthers
advanced the state of the art in a still-critical way by emphasizing the
need to deal with endogeneity and correct for self-selection, and
demonstrated the insights from comparing performance of fit versus non-fit
firms. The research clarified that given (unobserved) heterogeneity the
performance consequences of a strategy should be evaluated relative to the
same firm's performance if it were to adopt another strategy, rather than
relative to other firms that may not be comparable after all. Overall,
Brouthers stands as both a culmination and a redirection signal for research
on international business performance, especially but not only with respect
to entry mode explanations."
A session will be held at the upcoming 2012 AIB Annual Meeting in
Washington, DC, in which Prof. Brouthers and two invited discussants, Xavier
Martin (University of Tilburg; 2012 committee chair) and Myles Shaver
(University of Minnesota), will comment on the paper. A reception honoring
the Decade Award winning paper and its author will also be held as part of
the closing reception at the conference. We hope that you will join us in
Washington to attend these events; the date and times will be available at
http://aib.msu.edu/events/2012/ when the conference program is finalized.
A reprint of the award winning article, together with the author's
commentary, will be published in the first issue of the 2013 volume of the
Journal of International Business Studies.
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