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The global recession and the shift to re-shoring : myth or reality?
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Delis, Agelos, Driffield, Nigel L. and Temouri, Yama (2017) The global recession and the shift to re-shoring : myth or reality? Journal of Business Research . doi:10.1016/j.jbusres.2017.09.054 (In Press)
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Official URL: http://dx.doi.org/10.1016/j.jbusres.2017.09.054
Abstract
Despite the high degree of attention that re-shoring has recently attracted in the media, we lack detailed understanding of the drivers of such an important strategic change by a multinational enterprise (MNE). We offer the first large-scale analysis of the factors that influence a firm's decision to re-shore. Our analysis is based on 3683 MNEs from 14 developed countries investing in 66 host countries over the period 2006–2013. Our results suggest that increased re-shoring was triggered by the downturn in the West resulting from the recent global financial crisis. However, our results show that the effect of the global financial crisis on re-shoring is smaller when the distance between parent and subsidiaries becomes larger. In turn, as distance increases, the importance of relative costs declines in explaining re-shoring activity. Finally, MNEs who have engaged in re-shoring in the past are more likely to re-shore again.
| 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 > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | International business enterprises, International economic relations., Investments, Foreign., Globalization., Business logistics., Global Financial Crisis, 2016-2017., Financial crises. | ||||||
| Journal or Publication Title: | Journal of Business Research | ||||||
| Publisher: | Elsevier Inc. | ||||||
| ISSN: | 0148-2963 | ||||||
| Official Date: | 10 October 2017 | ||||||
| Dates: |
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| Date of first compliant deposit: | 30 October 2017 | ||||||
| DOI: | 10.1016/j.jbusres.2017.09.054 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | In Press | ||||||
| Access rights to Published version: | Restricted or Subscription Access |
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