Closure and Divestiture By Foreign Entrants : The Impact of Entry and Post - Entry Strategies  

Oleh:

Mata, Jose ; Portugal, Pedro

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 21 no. 5 (2000), page 549-562.
Topik: Strategies; closure and divestiture; exit; foreign firms

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We analyze the longevity of foreign entrants explicitly considering two possible ways of exit : firm closure and capital divestiture. We find that entry and post - entry strategies affect the longevity of firms and of foreign equity holdings, but in different manners. While the ownership arrangements nad organiational structure affect the likelihood of divestment, they exert no significant efect upon closure. The entry mode exerts opposite effects on the two models of exit, greenfield entrants being more likely to shutdown, but less likely to be divested. Only human capital affects closure and divestment in the same manner. Firms with large endowments of human capital are less likely to exit, irrespective of the exit mode considered.

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