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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 (2019) The global recession and the shift to re-shoring : myth or reality? Journal of Business Research, 103 . pp. 632-643. doi:10.1016/j.jbusres.2017.09.054 ISSN 0148-2963.
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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: | October 2019 | ||||||||
Dates: |
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Volume: | 103 | ||||||||
Page Range: | pp. 632-643 | ||||||||
DOI: | 10.1016/j.jbusres.2017.09.054 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 30 October 2017 | ||||||||
Date of first compliant Open Access: | 10 April 2019 |
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