| Publication type: | Book part |
| Type of review: | Peer review (publication) |
| Title: | A promising marriage that ended in divorce : a longitudinal case study of foreign divestment |
| Authors: | Wang, Daoujuan Wu, Juan |
| et. al: | No |
| DOI: | 10.4337/9781800887145.00016 |
| Published in: | Research Handbook on Foreign Exit, Relocation and Re-entry |
| Editors of the parent work: | Larimo, Jorma Arte, Pratik Sousa, Carlos Ghauri, Pervez Mata, José |
| Page(s): | 183 |
| Pages to: | 209 |
| Issue Date: | 2022 |
| Publisher / Ed. Institution: | Edward Elgar Publishing |
| Publisher / Ed. Institution: | Cheltenham |
| ISBN: | 9781800887138 9781800887145 |
| Language: | English |
| Subject (DDC): | 332: Financial economics |
| Abstract: | Using a longitudinal case study, this chapter unveils the critical antecedents and their impacting mechanisms leading to foreign divestment, particularly the divestment of strategic assets in developed markets that acquirers from emerging markets fervently pursued. This interesting phenomenon is not yet sufficiently understood. Most studies on this topic apply quantitative methods and use one-time data collection; thus, the dynamic evolutionary process from foreign direct investment to divestment is under-researched. This study is based on 22 in-depth interviews conducted during 2012-2020 with top managers of both the subsidiary and the parent firm and external experts involved in the acquisition process, complemented by extensive secondary data. Through the analysis, the evolutionary process from initial investment to foreign divestment is depicted and discussed. Meanwhile, a conceptual framework is developed from a reversed eclectic paradigm perspective that identifies particular antecedents and six mechanisms of foreign divestment. This study advances our understanding of the reasons behind foreign divestment and contributes to the development of foreign divestment theories. Specific lessons can be drawn from this failed investment case, and the developed framework offers a practical guideline. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/27522 |
| Fulltext version: | Published version |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Management and Law |
| Appears in collections: | Publikationen School of Management and Law |
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Wang, D., & Wu, J. (2022). A promising marriage that ended in divorce : a longitudinal case study of foreign divestment. In J. Larimo, P. Arte, C. Sousa, P. Ghauri, & J. Mata (Eds.), Research Handbook on Foreign Exit, Relocation and Re-entry (pp. 183–209). Edward Elgar Publishing. https://doi.org/10.4337/9781800887145.00016
Wang, D. and Wu, J. (2022) ‘A promising marriage that ended in divorce : a longitudinal case study of foreign divestment’, in J. Larimo et al. (eds) Research Handbook on Foreign Exit, Relocation and Re-entry. Cheltenham: Edward Elgar Publishing, pp. 183–209. Available at: https://doi.org/10.4337/9781800887145.00016.
D. Wang and J. Wu, “A promising marriage that ended in divorce : a longitudinal case study of foreign divestment,” in Research Handbook on Foreign Exit, Relocation and Re-entry, J. Larimo, P. Arte, C. Sousa, P. Ghauri, and J. Mata, Eds. Cheltenham: Edward Elgar Publishing, 2022, pp. 183–209. doi: 10.4337/9781800887145.00016.
WANG, Daoujuan und Juan WU, 2022. A promising marriage that ended in divorce : a longitudinal case study of foreign divestment. In: Jorma LARIMO, Pratik ARTE, Carlos SOUSA, Pervez GHAURI und José MATA (Hrsg.), Research Handbook on Foreign Exit, Relocation and Re-entry. Cheltenham: Edward Elgar Publishing. S. 183–209. ISBN 9781800887138
Wang, Daoujuan, and Juan Wu. 2022. “A Promising Marriage That Ended in Divorce : A Longitudinal Case Study of Foreign Divestment.” In Research Handbook on Foreign Exit, Relocation and Re-Entry, edited by Jorma Larimo, Pratik Arte, Carlos Sousa, Pervez Ghauri, and José Mata, 183–209. Cheltenham: Edward Elgar Publishing. https://doi.org/10.4337/9781800887145.00016.
Wang, Daoujuan, and Juan Wu. “A Promising Marriage That Ended in Divorce : A Longitudinal Case Study of Foreign Divestment.” Research Handbook on Foreign Exit, Relocation and Re-Entry, edited by Jorma Larimo et al., Edward Elgar Publishing, 2022, pp. 183–209, https://doi.org/10.4337/9781800887145.00016.
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