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DC Field | Value | Language |
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dc.contributor.author | Mohr, A | - |
dc.contributor.author | Batsakis, G | - |
dc.contributor.author | Stone, Z | - |
dc.coverage.spatial | Vienna, Austria | - |
dc.date.accessioned | 2016-11-30T15:04:58Z | - |
dc.date.available | 2016-09-07 | - |
dc.date.available | 2016-11-30T15:04:58Z | - |
dc.date.issued | 2016 | - |
dc.identifier.citation | Mohr, A., Batsakis, G. & Stone, Z. Explaining the effect of rapid internationalization on horizontal foreign divestment in the retail sector: An extended Penrosean perspective. J Int Bus Stud 49, 779–808 (2018). https://doi.org/10.1057/s41267-017-0138-0 | en_US |
dc.identifier.issn | 0047-2506 | - |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/13558 | - |
dc.description.abstract | Building on and extending Penrosean logic we argue that rapid international expansion by firms might lead to a breach of Penrosean constraints on efficient expansion and to subsequent divestment of international operations to bring firm scope back into Penrosean constraints. We further predict that intra-regional concentration and international experience moderate the above effect because they influence firms ability to avoid a breach of Penrosean constraints and/or weaken the consequences of such a breach. Using data on the international expansion and divestment of large retail MNEs over the period 2003-2012 we find empirical support for the proposed extended Penrose effect in explaining international divestment as well as for the moderating effects of intra-regional concentration and international experience. Our study contributes to the development of Penrosean logic and to our understanding of the factors that drive firms to divest overseas operations. | en_US |
dc.language.iso | en | en_US |
dc.publisher | European International Business Academy | en_US |
dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | - |
dc.source | European International Business Academy | - |
dc.source | European International Business Academy | - |
dc.subject | Foreign divestment | en_US |
dc.subject | Penrose effect | en_US |
dc.subject | Internationalization speed | en_US |
dc.subject | Regional strategy theory | en_US |
dc.subject | International experience | en_US |
dc.subject | Retailers | en_US |
dc.title | Explaining the effect of rapid internationalization on horizontal foreign divestment in the retail sector. An extended penrosean perspective | en_US |
dc.type | Conference Paper | en_US |
dc.identifier.doi | https://doi.org/10.1057/s41267-017-0138-0 | - |
pubs.finish-date | 2016-12-05 | - |
pubs.finish-date | 2016-12-05 | - |
pubs.publication-status | Accepted | - |
pubs.start-date | 2016-12-02 | - |
pubs.start-date | 2016-12-02 | - |
dc.identifier.eissn | 1478-6990 | - |
Appears in Collections: | Brunel Business School Research Papers |
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