Explaining the effect of rapid internationalization on horizontal foreign divestment in the retail sector: An extended Penrosean perspective

Mohr, Alexander and Batsakis, Georgios and 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). pp. 779-808. ISSN 0047-2506

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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.

Item Type: Article
Keywords: foreign divestment, managerial resources, penrose effect, regional strategy theory, internationalization Speed, retailers
Divisions: Departments > Welthandel > International Business > Mohr
Version of the Document: Published
Depositing User: Gertraud Novotny
Date Deposited: 12 Sep 2018 12:52
Last Modified: 12 Sep 2018 13:11
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/86850/
URI: https://epub.wu.ac.at/id/eprint/6506

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