Research Handbook on Foreign Exit, Relocation and Re-entry

Edited by Jorma Larimo, Professor of International Business, University of Vaasa, Finland, Pratik Arte, India Research Fellow, Center for Asian Studies, Stockholm School of Economics and Associate Research Fellow, Swedish Institute of International Affairs, Sweden, Carlos M.P. Sousa, Professor of Marketing and Business Strategy, Faculty of Business Administration and Social Sciences, Molde University College, Norway, Pervez N. Ghauri, Professor of International Business, Department of Strategy and International Business, University of Birmingham, UK and José Mata, Mærsk Mc-Kinney Møller Professor of Entrepreneurship, Copenhagen Business School, Denmark

• Contents:1 Introduction to the Research Handbook on Foreign Exit,Relocation and Re-entry 1Jorma Larimo, Pratik Arte, Carlos M.P. Sousa, Pervez Ghauri andJose MataPART I EXPORT EXITS2 Export exit: literature review and a research agenda 11Jonas Strømfeldt Eduardsen, Svetla T. Marinova and Marin A. Marinov3 The impacts of Covid-19 on Estonian firms’internationalization: foreign market entries, exits and re-entries 36Tiia Vissak4 Understanding export exits: the roles of institutional distancedirection, strategy adaptation and experience similarity 57Piotr Trąpczyński and Tilo HalaszovichPART II DIVESTMENT5 Drivers of foreign subsidiary divestment: theoreticalarguments and synthesis of empirical findings 82David Schmid and Dirk Morschett6 A meta-analysis of stock market reaction to foreigndivestment: the role of divestment motives 109Pratik Arte, Roman Filenko and Jorma Larimo7 How do international performance, marketing capabilities andmarket turbulence jointly influence a foreign exit decision? 136Qun Tan and Carlos M.P. Sousa8 The impact of economic sanctions on the decision of foreignfirms to exit from Russia 159Andrei Panibratov and Shenglong Chen9 A promising marriage that ended in divorce: a longitudinalcase study of foreign divestment 183Daojuan Wang and Juan WuPART III RELOCATION10 Foreign exits and re-location on a rugged performancelandscape: a theoretical perspective 211Michael Wolfesberger, Jonas Puck and Thomas Lindner11 Please don’t go! Understanding the host-country factorsaffecting relocation choices to minimize job losses 235Albachiara Boffelli, Paolo Barbieri, Stefano Elia, Luciano Fratocchi,Matteo Kalchschmidt, Daniele Sirtori and Maddalena Spreafico12 Leaving the world’s factory: relocating global supply chainsout of China 259Arnold Schuh and Daniela Huber13 Manufacturing backshoring and sustainability: insights fromthe Norwegian context 292Lise Lillebrygfjeld Halse and Olena Klymenko14 Repatriating back home: implications of local and global valuechains on backshoring readiness 310Bella Belerivana Nujen, Deodat Edward Mwesiumo and HansArthur Solli-SætherPART IV RE-ENTRY15 Learning from (under-)performance feedback in internationalmarket exits and re-entries 328Irina Surdu16 Reinvest or not reinvest in the host country? Learning frompast divestments to plan future actions 344Sergio Mariotti, Riccardo Marzano and Lucia Piscitello17 Taking stock of foreign exit, relocation and re-entry: currentresearch and future directions 370Jorma Larimo, Pratik Arte, Carlos M.P. Sousa, Pervez Ghauri andJose MataIndex 385

‘This book features state-of-the art contributions on the interconnected phenomena of firm exits from foreign markets, relocation of production, and re-entry. Its mix of conceptual and empirical studies is a must-read for anyone interested in an assessment of the literature on this topic and in where we might go from here.’