Surdu, I, Mellahi, K, Glaister, KW orcid.org/0000-0003-1165-108X et al. (1 more author) (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. ISSN 1090-9516
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.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | (c) 2018, Elsevier Ltd. All rights reserved. This is an author produced version of a paper published in Journal of World Business. Uploaded in accordance with the publisher's self-archiving policy |
Keywords: | Foreign market re-entry speed; Exit; Time-out; Learning; Experience; Institutional theory |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 09 Aug 2018 10:59 |
Last Modified: | 16 Feb 2020 01:38 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.jwb.2018.07.008 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:134344 |
Download
Filename: JWB_2017_698_R3JWB Manuscript_August%5B4844%5D.pdf
Licence: CC-BY-NC-ND 4.0