42 research outputs found
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Once bitten, not necessarily shy? Determinants of foreign market re-entry commitment strategies
We investigate foreign market re-entry commitment strategies, namely the changes in the modes of operation (commitment) undertaken by multinational enterprises (MNEs) as they return to foreign markets from which they had previously exited. We combine organisational learning theory with the institutional change literature to examine the antecedents of re-entry commitment strategies. From an analysis of 1,020 re-entry events between 1980 and 2016, we find that operation mode prior to exit is a strong predictor of subsequent re-entry mode. Contrary to the predictions of learning theory, we did not find support for the effect of experience accumulated during the initial market endeavour on the re-entry commitment strategies of MNEs. In turn, exit motives significantly impact on the re-entrants' decision to re-enter via a different mode of operation, by either increasing or decreasing their commitment to the market. We show that re-entrants do not replicate unsuccessful operation mode strategies if they had previously underperformed in the market. When favourable host institutional changes occur during the time-out period re-entrants tend to increase commitment in the host market irrespective of the degree of prior experience accumulated in the market
Rewards of reforms: Can economic freedom and reforms in developing countries reduce the brain drain?
Manufactured exports and FDI
In this chapter we investigated the evolution and determinants of manufactured exports and FDI in SEMC from 1985 to 2009 and their future prospects. Our econometric analysis confirmed that exchange rate depreciation, the openness of an economy, as well as the quality of its institutions and infrastructure foster manufactured exports and FDI inflows in the region. We found that deeper integration with the EU would increase manufactured exports and FDI to a greater degree compared to the status quo or compared to greater regional integration.SCOPUS: ch.binfo:eu-repo/semantics/publishe
Economic Systems of Developing Nations
This essay employs a database of covering 31 different types of economic institutions for 41 developing nations. Defining an economic system in terms of clusters of complementary institutions and performing a cluster analysis, I derive four different types of economic systems. Then I explore the impact of the economic system on the economic growth, inflation rate, and production volatility of the nations with each system. Comparative Economic Studies (2006) 48, 77–99. doi:10.1057/palgrave.ces.8100072