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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. ____ AIB-L is brought to you by the Academy of International Business. For information: http://aib.msu.edu/community/aib-l.asp To post message: [log in to unmask] For assistance: [log in to unmask] AIB-L is a moderated list.