Quotation Mohr, Alexander, Batsakis, Georgios, Stone, Zita. 2018. Explaining the effect of rapid internationalization on horizontal foreign divestment in the retail sector: An extended Penrosean perspective. Journal of International Business Studies, 49, (7), 779-808.


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Abstract

We adopt a Penrosean perspective to study the effect of rapid international expansion on the subsequent divestment of international operations. We draw on regional strategy theory and differentiate Penrosean managerial resources by their geographical fungibility to argue that the effect of rapid international expansion on the divestment of international operations varies with the regional patterns of firms’ international expansion and international experience. We test our hypotheses using two-stage least squares (2SLS) estimation on data that capture the international expansion and divestment of retailers over the period 2003–2012.

Tags

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  • foreign divestment
  • managerial resources
  • penrose effect
  • regional strategy theory
  • internationalization speed
  • retailers

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of International Business Studies JIBS
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, MAN-A+, STRAT-A, VW-C, WH-A
Language English
Title Explaining the effect of rapid internationalization on horizontal foreign divestment in the retail sector: An extended Penrosean perspective
Volume 49
Number 7
Year 2018
Page from 779
Page to 808
URL http://link.springer.com/article/10.1057/s41267-017-0138-0
DOI http://dx.doi.org/10.1057/s41267-017-0138-0
Open Access Y
Open Access Link https://rdcu.be/5tM8

Associations

People
Mohr, Alexander (Details)
External
Batsakis, Georgios (Brunel University London, United Kingdom)
Stone, Zita (Kent Business School, University of Kent, United Kingdom)
Organization
Institute for Export Management (Details)
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