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| Author: | Mariotti, S. Piscitello, L. |
| Title: | Is divestment a failure or part of a restructuring strategy? The case of Italian transnational corporations |
| Journal: | Transnational Corporations
1999 : DEC, VOL. 8:3, p. 25-53 |
| Index terms: | Corporate restructuring Divestment Multinational companies |
| Language: | eng |
| Abstract: | This article argues that the way in which transnational corporations are able to face the unfamiliar dimensions of foreign markets influences divestment of their foreign affiliates. Specifically, large and well-experienced transnational corporations support effective investment/divestment decisions by collecting costly information and through incremental learning. Conversely, small and less experienced firms have to adopt more exploratory strategies, often based on hazardous gambling on emerging opportunities. |
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