THE ROLE OF MANAGERIAL EXPERIENCE IN ENTRY/ STAY DECISION IN SITUATIONS OF GEOPOLITICAL TENSION

Last registered on February 02, 2024

Pre-Trial

Trial Information

General Information

Title
THE ROLE OF MANAGERIAL EXPERIENCE IN ENTRY/ STAY DECISION IN SITUATIONS OF GEOPOLITICAL TENSION
RCT ID
AEARCTR-0012929
Initial registration date
February 01, 2024

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
February 02, 2024, 4:28 PM EST

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Locations

Region

Primary Investigator

Affiliation
Copenhagen Business School

Other Primary Investigator(s)

PI Affiliation
Copenhagen Business School
PI Affiliation
IVEY Business School

Additional Trial Information

Status
In development
Start date
2024-02-19
End date
2025-02-28
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
IB theory suggests that international experience influences individual expectations, risk perception and, thus, their decisions. The experience effect has informed the following predictions: a)"Managers with more internationalization experience will show less risk aversion than managers with less internationalization experience"; b) "Managers with more internationalization experience will use more calculative approaches than managers with less internationalization experience". However, in their decision-making process, individuals confront positive (gain) and negative (loss) frames of the specific situations upon which they have to decide. Thus, we explore the following research questions: 1) Does (and how) the framing of the decision problem alters the effect of experience on internationalization-related decisions? 2) Does additional information provision influence how framing alters the experience effect?
External Link(s)

Registration Citation

Citation
Garofalo, Orsola , Klaus Meyer and Grazia Santangelo. 2024. "THE ROLE OF MANAGERIAL EXPERIENCE IN ENTRY/ STAY DECISION IN SITUATIONS OF GEOPOLITICAL TENSION." AEA RCT Registry. February 02. https://doi.org/10.1257/rct.12929-1.0
Experimental Details

Interventions

Intervention(s)
Individuals receive negative or positive framed information regarding a situation in a foreign country where they operate.
Intervention (Hidden)
Intervention Start Date
2024-02-19
Intervention End Date
2024-03-19

Primary Outcomes

Primary Outcomes (end points)
Decision to "stay or exit" from a foreign contry
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
In STEP 1: Participants are randomly allocated to either of 2 scenarios
• Scenario 1 tests whether a positive (gain) frame compensates for the lack of individual international experience.
• Scenario 2 tests whether a negative (loss) frame reinforces the lack of individual international experience.

In STEP 2: Participants are allocated based on their answer to step one (STAY or EXIT) within the type of framing (positive and negative) they have been exposed to in STEP 1. A follow-up question providing additional information elicits their propensity to reconsider their original decision depending on whether managers face different types of pressures.
Experimental Design Details
The experiment will be run on Prolific.com (https://www.prolific.com/) - a platform to run online experiments.

In STEP 1, we use a vignette approach organized into two parts:
• A description of a general situation common to both scenarios and
• A specific frame upon which the individual is asked to take a stay or exit decision. As illustrated below, the frame is positive for STAY in scenario 1 and negative for STAY in scenario 2.
General situation (used for both scenarios):
Imagine that you are in a leading position in the company Alpha, wholly owned by a US firm, that operates in country X. Alpha's profits account for about 2% of the parent firm's profits. Leading media outlets in the US report and provide evidence that the autocratic government of X is accelerating human rights abuses in a province with dominant ethnic minorities. These reports suggest that Alpha would be complicit with the human rights abuses because of its presence in the country, signaling support for the 'dictatorial' regime in the country. Your company has a major manufacturing and sales operation in X.
SCENARIO 1: (positive (gain) frame)
Your crisis management team proposes that staying in the country would result in an increase (gain) of 2% in global profits but would harm the company's global reputation. On the other hand, exit from the country would avoid harm to the company's global reputation but would forego the increase of 2% in global profits. Would you
- STAY
- EXIT

SCENARIO 2: (negative (loss) frame)
Your crisis management team proposes that staying in the country would avoid a decrease (loss) of 2% in global profits but would harm the company's global reputation. On the other hand, exit from the country would result in a decrease of 2% in global profits but avoid harm to the company's global reputation. Would you
- STAY
- EXIT

In STEP 2,
• Individuals remained allocated to the positive and negative framing groups of STEP 1. Still, each group is split into two sub-groups depending on whether individuals have opted to STAY or EXIT in STEP 1.
• A vignette approach continues to be used in STEP 2. In this step, the vignette provides additional information, differentiated based on the individual's decisions in STEP 1.

Thus, for individuals exposed to a specific type of framing in STEP 1 (positive or negative), there will be two scenarios:
— scenario 1 for those that opted to "STAY",
— scenario 2 for those that opted to "EXIT".

• The choice set in STEP 2 is:

— REVERSE the initial decision,
— ENGAGE with the actor exercising the pressure,
— EXPLAIN to the actor exercising the pressure,
— IGNORE the pressure.

POSITIVE FRAMING IN STEP 1
SCENARIO 1 - INDIVIDUALS WHO HAVE CHOSEN "STAY" IN STEP 1:
You have decided to STAY. Now, a coalition of NGOs launches a media campaign highlighting the association of companies from your country, including Alpha, with human rights abuses allegedly in factories and threatening to escalate the campaign to a product boycott with substantial repercussions on the company's reputation. What actions would you take?
- Reverse the initial decision: Exit the country.
- Engage with the NGO claim: Ask an independent auditor to investigate the claim.
- Explain your choice to stay: Publicize the company's global labor standards, which prohibit the type of abuses allegedly occurring.
- Ignore the NGO claim: Do nothing.

SCENARIO 2 INDIVIDUALS WHO HAVE CHOSEN "EXIT" IN STEP 1:
You have decided to EXIT. Now, an investor protection activist group issued a report highlighting the potential financial losses that occurred because firms such as Alpha are exiting from country X, threatening a no-confidence motion against the board at the next shareholder annual general meeting. What actions would you take?
- Reverse the initial decision: Re-enter the country.
- Engage with the shareholder claim: Ask an independent company to serve as a trade intermediary to serve the market.
- Explain your choice to exit: Release a media statement explaining why you have exited the country.
- Ignore the NGO claim: Do nothing.

NEGATIVE FRAMING IN STEP 2
SCENARIO 1 - INDIVIDUALS WHO HAVE CHOSEN "STAY" IN STEP 1:
You have decided to STAY. Now, a coalition of NGOs launches a media campaign highlighting the association of companies from your country, including Alpha, with human rights abuses allegedly in factories and threatening to escalate the campaign to a product boycott with substantial repercussions on the company's reputation. What actions would you take?
- Reverse the initial decision: Exit the country.
- Engage with the NGO claim: Ask an independent auditor to investigate the claim.
- Explain your choice to stay: Publicize the company's global labor standards, which prohibit the type of abuses allegedly occurring.
- Ignore the NGO claim: Do nothing.

SCENARIO 2 INDIVIDUALS WHO HAVE CHOSEN "EXIT" IN STEP 1:
You have decided to EXIT. Now, an investor protection activist group issued a report highlighting the potential financial losses that occurred because firms such as Alpha are exiting from country X, threatening a no-confidence motion against the board at the next shareholder annual general meeting. What actions would you take?
- Reverse the initial decision: Re-enter the country.
- Engage with the shareholder claim: Ask an independent company to serve as a trade intermediary to serve the market.
- Explain your choice to exit: Release a media statement explaining why you have exited the country.
- Ignore the NGO claim: Do nothing.
Randomization Method
The randomization will be done through Qualtrics
Randomization Unit
Individual
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
We dont have clusters
Sample size: planned number of observations
Up to 300 individuals
Sample size (or number of clusters) by treatment arms
We dont have clusters. We will have up to 150 participants in the control and up to 150 participants in the treatment
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Supporting Documents and Materials

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IRB

Institutional Review Boards (IRBs)

IRB Name
Copenhagen Business School
IRB Approval Date
2023-10-27
IRB Approval Number
N/A

Post-Trial

Post Trial Information

Study Withdrawal

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Intervention

Is the intervention completed?
No
Data Collection Complete
Data Publication

Data Publication

Is public data available?
No

Program Files

Program Files
Reports, Papers & Other Materials

Relevant Paper(s)

Reports & Other Materials