Entry mode irreversibility, host market uncertainty, and foreign subsidiary exits

Song, Sangcheol

doi:10.1007/s10490-013-9354-8

Cited by 38 publications

(51 citation statements)

References 93 publications

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“…Li and Guisinger (1991), Li (1995), and Shaver, Mitchell and Yeung (1997) find that acquisitions exhibit higher market-exit hazards than greenfields because of integration difficulties offsetting any of the potential benefits associated with reduced uncertainty in a foreign market. Similarly, Song (2014) shows that partial acquisitions exhibit the highest exit rate among all four modes (e.g. partial-and fully-owned greenfields and partial-and fully-owned acquisitions).…”

Section: Performance Of Establishment Modesmentioning

confidence: 83%

International Establishment Mode Choice: Past, Present and Future

Dikova

Brouthers

2015

Manag Int Rev

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Despite over three decades of research focusing on the choice multinational enterprises make between establishing foreign operations through either cross-border acquisitions or greenfield start-ups our understanding of the issues that impact this choice and the performance outcomes of making this decision is still unclear. To help improve knowledge in this area we provide a comprehensive review of the empirical studies on international establishment mode choice published between 1980 and 2015. Through this method we gain a greater understanding of the theories used, the variables employed, and the empirical results. In this way we can detect inconsistencies and offer suggestions for future research. We identify a number of issues that future studies need to address: changes to the models, introducing new theories or combining theories, applying new or better methods, and most importantly linking this choice to performance. Hence, our study consolidates knowledge in this area and highlights several ways to improve our understanding of the international establishment mode decision.

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Section: Performance Of Establishment Modesmentioning

confidence: 83%

International Establishment Mode Choice: Past, Present and Future

Dikova

Brouthers

2015

Manag Int Rev

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“…Although this call for a broader choice of M&A performance measures applies to the research on acquisitions in general, it is especially relevant for EE. Since emerging MNEs may overlook financial performance of the target in order to gain access to strategic resources and technology (Rui & Yip, 2008), it is important to look not only into the short-term change in shareholder value, but also into the longer term measures and goals to fully estimate success or failure of the acquisition (Peng & Beamish, 2014;Song, 2014 (Wooldridge, 2012). Since SOEs, compared to other firms (private or public), have different ownership structure, resource constraints, governance mechanisms, and goals, all these differences need to be explored in the context of M&As in and out of EE (and DE).…”

Section: Performance Measuresmentioning

confidence: 99%

Mergers and acquisitions in and out of emerging economies

Лебедев

Peng

Xie

et al. 2015

Journal of World Business

252

219

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“…The survival of the MNE is likely to be in question if the costs of doing business outweigh its benefits. In other words, the MNE may have to quit the transition economy unless it minimizes liabilities of foreignness through local partnership or other competitive actions (Shi, Sun, Pinkham, & Peng, 2014;Song, 2014).…”

Section: Round 1: Attack Of the Mnementioning

confidence: 99%

Competing in (and out of) transition economies

et al. 2015

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Transition economies have become a new frontier for multinational enterprises (MNEs). This has introduced a highly dynamic competitive environment for domestic firms operating with such less developed institutions, especially those facing the threat of MNEs with superior capabilities. Drawing on the awareness-motivation-capability framework from the competitive dynamics literature, this paper develops a three-round framework that explores the evolution of the dynamic capabilities of domestic and foreign firms and the related competitive dynamics between them in (and eventually out of) transition economies. While previous research tends to focus on MNEs or domestic firms within transition economies, ours is one of the first efforts that systematically model the competitive interaction between them with a longitudinal perspective.

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Entry mode irreversibility, host market uncertainty, and foreign subsidiary exits

Cited by 38 publications

References 93 publications

International Establishment Mode Choice: Past, Present and Future

International Establishment Mode Choice: Past, Present and Future

Mergers and acquisitions in and out of emerging economies

Competing in (and out of) transition economies

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