Setbacks, interruptions and turnarounds in the internationalization process: a bibliometric and literature review of de-internationalization

Fonseca, Luíza Neves Marques da; Rocha, Ângela da

doi:10.1007/s11301-022-00276-7

Cited by 8 publications

(2 citation statements)

References 123 publications

(209 reference statements)

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“…The study also found empirical support for the impact of host country uncertainty on the subsidiary divestment likelihood of multilatinas, thus contributing to clarify an ambiguous issue in the extant literature (Arte and Larimo, 2019; da Fonseca and da Rocha, 2022; Schmid and Morschett, 2020). By including multilatinas in the debate, it confirms the hysteresis effect when it comes to foreign divestment decisions, explained either by future earnings expectancy (Belderbos and Zou, 2009) and flexibility (Chung et al , 2013) or by exit barriers (Song, 2014b).…”

Section: Discussionsupporting

confidence: 53%

“…The alternativeto establish a greenfield subsidiary on its ownmight present other perks such as higher control and specificity levels, but can be considered less advantageous for survival. Third, because of Latin America's colonial history and its diverse population shaped by people from different races and a large influx The study also found empirical support for the impact of host country uncertainty on the subsidiary divestment likelihood of multilatinas, thus contributing to clarify an ambiguous issue in the extant literature (Arte and Larimo, 2019;da Fonseca and da Rocha, 2022;Schmid and Morschett, 2020). By including multilatinas in the debate, it confirms the hysteresis effect when it comes to foreign divestment decisions, explained either by future earnings expectancy (Belderbos and Zou, 2009) and flexibility (Chung et al, 2013) or by exit barriers (Song, 2014b).…”

Section: Discussionmentioning

confidence: 61%

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Multilatinas’ foreign divestment and host country institutional uncertainty: is there a best entry strategy?

da Fonseca,

da Rocha,

Ferreira

2023

EBR

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Purpose This paper aims to investigate the divestment behavior of emerging market multinationals from Latin America – multilatinas – by examining how their foreign market entry decision impacts the likelihood of subsidiary divestment. Design/methodology/approach The hypotheses are tested using Cox’s proportional hazard rate model in a longitudinal database of Brazilian multinational companies established in 43 countries. Findings Results indicate that these subsidiaries can thrive in environments that bear similarities to their home country, being less likely to divest in institutionally weak countries. Contrary to developed country multinationals, these firms benefit from foreign entry decisions that entail handling partnerships abroad; thus, wholly-owned greenfield (WOGF) investments have a higher likelihood of being divested. Originality/value To the best of the authors’ knowledge, this paper is the first to analyze foreign divestment from multilatinas, accounting for how entry mode strategy and host country institutions may impact these firms’ de-internationalization.

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Section: Discussionsupporting

confidence: 53%

Section: Discussionmentioning

confidence: 61%

Multilatinas’ foreign divestment and host country institutional uncertainty: is there a best entry strategy?

da Fonseca,

da Rocha,

Ferreira

2023

EBR

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De-internationalization of cross-border investments from a de-globalization perspective: a systematic literature review and structuring of the field

Pillich

2024

Manag Rev Q

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Globalization has propelled economic development for decades, but this trend seems to be broken, potentially entering a reversal trend of de-globalization, as recent indicators allegedly reveal. Owing to the complexity and novelty of this trend, the literature leads to ambiguous assessments of economic de-globalization and its implications. Therefore, this literature review, drawn from international business literature, attempts to outline the drivers of economic de-globalization and understand how these drivers affect the de-internationalization of cross-border investments by multinational enterprises. Thus, this review provides a terminological basis by distinguishing between de-globalization as an external macro driver and de-internationalization as an internal corporate response. The interdependent de-globalization drivers are social inequality, technological advancement, and environmental sustainability. Additionally, (inter-) national politics play an outstanding role in understanding the development of de-globalization. This study structures the literature on de-globalization and finds that the impact of de-globalization drivers on multinational enterprises varies considerably. As the topic of de-globalization is rather new and conceptually elaborated, many research opportunities exist in this field.

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Foreign divestment: the missing piece in international business scholarship

Sethuram,

Gaur

2024

J Int Bus Stud

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As international business (IB) scholars seek to invigorate the field and steer it away from what some deem a “research coma” resulting from a narrowing scope, the significance of foreign divestment (FD) has once again been relegated amidst other pressing topics. We advocate for elevating FD to the same level of importance as foreign direct investment (FDI). Despite emerging a decade after seminal contributions on FDI, FD has suffered from a notable lack of attention in IB research and educational curricula. However, FD, like FDI, is a common practice among firms and is gaining prominence in light of recent disruptions such as geopolitical conflicts, economic decoupling, digital transformation, and growing skepticism towards globalization. We identify two main setbacks to overcome: the persistent view of FD as merely a misstep in firms' internationalization strategies, and its perception as a subordinate aspect within broader themes of internationalization, including emerging topics such as deglobalization and decoupling. As we elaborate in this commentary, delving into FD at a more granular level can uncover disruptive spillovers that require pushing the boundaries of extant theorizing in IB; neglecting FD leaves the field incomplete and hampers its ability to fully grasp the complexities of global business dynamics.

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Setbacks, interruptions and turnarounds in the internationalization process: a bibliometric and literature review of de-internationalization

Cited by 8 publications

References 123 publications

Multilatinas’ foreign divestment and host country institutional uncertainty: is there a best entry strategy?

Multilatinas’ foreign divestment and host country institutional uncertainty: is there a best entry strategy?

De-internationalization of cross-border investments from a de-globalization perspective: a systematic literature review and structuring of the field

Foreign divestment: the missing piece in international business scholarship

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