Description
Book SynopsisThis definitive Research Handbook explores the restructuring strategies of globalised firms, bringing together a wide range of topics from export exit, subsidiary divestment and market re-entry to relocation, offshoring and backshoring.
Contributors from diverse fields including marketing, entrepreneurship, strategic management and economics provide a multi-dimensional methodological approach to the analysis of exit. They consider exit both in terms of export markets and foreign direct investment, and in terms of subsequent re-entry in the same markets as well as relocation to other countries. Taking a global view, chapters, which take the shape of literature reviews, conceptual works and qualitative and quantitative studies, represent diverse regions and country contexts, such as China, the EU, Norway, Russia and the US. Providing an overview of international divestments and their associated phenomena of relocation and re-entry, the book concludes by presenting avenues for further research.
Drawing together conceptual works, case studies, quantitative studies, bibliometric analysis and meta-analysis, this timely Research Handbook will be a valuable resource for researchers and students of international business. Its use of empirical case studies will also be valuable for business practitioners interested in international divestment and export exit.
Trade Review‘This book features state-of-the art contributions on the interconnected phenomena of firm exits from foreign markets, relocation of production, and re-entry. Its mix of conceptual and empirical studies is a must-read for anyone interested in an assessment of the literature on this topic and in where we might go from here.’ -- Jean-François Hennart, Tilburg University, the Netherlands and Aalborg University, Denmark
‘IB scholars often focus on firms’ initial forays overseas, but pay less attention to what happens when these forays are unsuccessful. The seventeen chapters in this excellent volume consider why and how firms stop exporting, divest their overseas subsidiaries, relocate their overseas operations, and/or re-enter markets, and should be essential reading for anyone interested in the dynamics of international business.’ -- Roger Strange, University of Sussex Business School, UK
Table of ContentsContents: 1 Introduction to the Research Handbook on Foreign Exit, Relocation and Re-entry 1 Jorma Larimo, Pratik Arte, Carlos M.P. Sousa, Pervez Ghauri and Jose Mata PART I EXPORT EXITS 2 Export exit: literature review and a research agenda 11 Jonas Strømfeldt Eduardsen, Svetla T. Marinova and Marin A. Marinov 3 The impacts of Covid-19 on Estonian firms’ internationalization: foreign market entries, exits and re-entries 36 Tiia Vissak 4 Understanding export exits: the roles of institutional distance direction, strategy adaptation and experience similarity 57 Piotr Trąpczyński and Tilo Halaszovich PART II DIVESTMENT 5 Drivers of foreign subsidiary divestment: theoretical arguments and synthesis of empirical findings 82 David Schmid and Dirk Morschett 6 A meta-analysis of stock market reaction to foreign divestment: the role of divestment motives 109 Pratik Arte, Roman Filenko and Jorma Larimo 7 How do international performance, marketing capabilities and market turbulence jointly influence a foreign exit decision? 136 Qun Tan and Carlos M.P. Sousa 8 The impact of economic sanctions on the decision of foreign firms to exit from Russia 159 Andrei Panibratov and Shenglong Chen 9 A promising marriage that ended in divorce: a longitudinal case study of foreign divestment 183 Daojuan Wang and Juan Wu PART III RELOCATION 10 Foreign exits and re-location on a rugged performance landscape: a theoretical perspective 211 Michael Wolfesberger, Jonas Puck and Thomas Lindner 11 Please don’t go! Understanding the host-country factors affecting relocation choices to minimize job losses 235 Albachiara Boffelli, Paolo Barbieri, Stefano Elia, Luciano Fratocchi, Matteo Kalchschmidt, Daniele Sirtori and Maddalena Spreafico 12 Leaving the world’s factory: relocating global supply chains out of China 259 Arnold Schuh and Daniela Huber 13 Manufacturing backshoring and sustainability: insights from the Norwegian context 292 Lise Lillebrygfjeld Halse and Olena Klymenko 14 Repatriating back home: implications of local and global value chains on backshoring readiness 310 Bella Belerivana Nujen, Deodat Edward Mwesiumo and Hans Arthur Solli-Sæther PART IV RE-ENTRY 15 Learning from (under-)performance feedback in international market exits and re-entries 328 Irina Surdu 16 Reinvest or not reinvest in the host country? Learning from past divestments to plan future actions 344 Sergio Mariotti, Riccardo Marzano and Lucia Piscitello 17 Taking stock of foreign exit, relocation and re-entry: current research and future directions 370 Jorma Larimo, Pratik Arte, Carlos M.P. Sousa, Pervez Ghauri and Jose Mata Index 385
