Drivers of foreign subsidiary divestment: theoretical arguments and synthesis of empirical findings

David Schmid and Dirk Morschett

Chapter 5 in Research Handbook on Foreign Exit, Relocation and Re-entry, 2022, pp 82-108 from Edward Elgar Publishing

Abstract: The main objective of this chapter is to provide a foundation for researchers who aim to further analyze the drivers of foreign subsidiary divestment. While the research in this field has grown rapidly in the last few decades, some gaps and ambiguous findings remain. To bring clarity to the issue, this chapter presents a comprehensive theoretical and empirical review of the 17 most investigated potential drivers of subsidiary divestment. It first offers an extended overview of the theoretical arguments concerning the effects of the 17 variables on foreign divestment. It then continues with a descriptive overview of the empirical studies on foreign subsidiary divestment drivers, followed by an empirical synthesis of the effects of the 17 drivers - both in the form of a vote-counting, based on 87 studies, and a meta-analysis, based on 45 studies. The chapter also discusses implications for further research.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2022
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