Hardback
Research Handbook on Foreign Exit, Relocation and Re-entry
Theoretical Perspectives and Empirical Evidence
9781800887138 Edward Elgar Publishing
This 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.
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Critical Acclaim
Contributors
Contents
More Information
This 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.
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.
Critical Acclaim
‘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
– 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
Contributors
Contributors: Pratik Arte, Paolo Barbieri, Albachiara Boffelli, Shenglong Chen, Jonas Strømfeldt Eduardsen, Stefano Elia, Roman Filenko, Luciano Fratocchi, Pervez Ghauri, Tilo Halaszovich, Jorma Larimo, Lise Lillebrygfjeld Halse, Daniela Huber, Matteo Kalchschmidt, Olena Klymenko, Thomas Lindner, Marin A. Marinov, Svetla T. Marinova, Sergio Mariotti, Riccardo Marzano, José Mata, Dirk Morschett, Deodat Edward Mwesiumo, Bella Belerivana Nujen, Andrei Panibratov, Lucia Piscitello, Jonas Puck, Arnold Schuh, David Schmid, Daniele Sirtori, Hans Arthur Solli-Sæther, Carlos M.P. Sousa, Maddalena Spreafico, Irina Surdu, Qun Tan, Piotr Trąpczyński, Tiia Vissak, Daojuan Wang, Michael Wolfesberger, Juan Wu
Contents
Contents:
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
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
