Why Poor Performance is Not Enough for a Foreign Exit: The Importance of Innovation Capability and International Experience

More and more firms are entering foreign markets. However, while research on international entry and expansion has been a particularly important topic in the literature, there has been a dearth of empirical research explaining firms’ exit decisions from foreign markets. To address this gap in the literature, this study examines the exit behavior of emerging market MNCs. More specifically, we explore the firms’ exit behavior in the context of the...