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Why wait? Organizational learning, institutional quality and the speed of foreign market re-entry after initial entry and exit
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Surdu, Irina, Mellahi, Kamel, Glaister, Keith W. and Nardella, Giulio (2018) Why wait? Organizational learning, institutional quality and the speed of foreign market re-entry after initial entry and exit. Journal of World Business, 53 (6). pp. 911-929. doi:10.1016/j.jwb.2018.07.008 ISSN 1090-9516.
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Official URL: https://doi.org/10.1016/j.jwb.2018.07.008
Abstract
Using a unique dataset of over 1000 foreign marketre-entries by multinational enterprises, we draw on organizational learning and institutional theory perspectives to examine the antecedents of speed of foreign market re-entry into previously exited markets. Contrary to expectations, we find that the length of experience accumulated between initial entry and exit does not lead to earlier re-entries. In turn, the depth of experience accumulated through operating via joint ventures and the nature of the experience determined by the exit process have a significant impact for early re-entrants. Host country institutional quality leads to early re-entry and, under certain circumstances, moderates the relationship between learning from past experiences and re-entry speed. Our findings reveal experience-based learning to be a complex and dynamic process, one highly dependent on the quality of the institutional setting of the firm. Theoretical and practical implications of the paper are discussed, along with directions for future research on international business strategies.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||
| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||
| Library of Congress Subject Headings (LCSH): | International business enterprises, Joint ventures, Investments, Foreign, and employment | ||||||||
| Journal or Publication Title: | Journal of World Business | ||||||||
| Publisher: | Elsevier | ||||||||
| ISSN: | 1090-9516 | ||||||||
| Official Date: | December 2018 | ||||||||
| Dates: |
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| Volume: | 53 | ||||||||
| Number: | 6 | ||||||||
| Page Range: | pp. 911-929 | ||||||||
| DOI: | 10.1016/j.jwb.2018.07.008 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Reuse Statement (publisher, data, author rights): | © 2018, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/. | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Date of first compliant deposit: | 1 August 2018 | ||||||||
| Date of first compliant Open Access: | 1 August 2018 | ||||||||
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