和谁相比？业绩反馈与跨国公司的外资撤资

IF 5.9 1区管理学 Q1 BUSINESS

International Business Review Pub Date : 2024-12-27 DOI:10.1016/j.ibusrev.2024.102385

Dam Yoo, Jon J. Moon

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引用次数: 0

摘要

利用企业行为理论和归因理论，本研究考察了基于海外销售增长的绩效反馈如何影响跨国公司的海外撤资活动。分析2017年至2022年美国跨国公司的海外撤资交易，我们发现跨国公司倾向于增加海外撤资，作为对海外销售增长的负面社会绩效反馈的回应。考虑到历史和社会期望水平提供的反馈的不同性质，我们进一步研究了历史业绩反馈对国外销售增长的影响如何影响社会业绩反馈与国外撤资决策之间的关系。研究结果表明，历史绩效反馈具有互补或替代调节作用，取决于其与社会绩效反馈是否一致。

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Compared to whom? Performance feedback and foreign divestment of MNEs

Drawing on the behavioral theory of the firm and attribution theory, this study examines how performance feedback based on foreign sales growth influences foreign divestment activities of MNEs. Analyzing foreign divestment deals of U.S. MNEs from 2017 to 2022, we found that MNEs tend to increase foreign divestments as a response to negative social performance feedback on foreign sales growth. Considering the distinct nature of feedback provided by historical and social aspiration levels, we further examine how historical performance feedback on foreign sales growth conditions the relationship between social performance feedback and foreign divestment decisions. Findings suggest that historical performance feedback has either complementary or substitution moderating effect, depending on whether it is consistent with social performance feedback.

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来源期刊

International Business Review BUSINESS-

CiteScore

14.10

自引率

6.90%

发文量

审稿时长

62 days

期刊介绍： The International Business Review (IBR) stands as a premier international journal within the realm of international business and proudly serves as the official publication of the European International Business Academy (EIBA). This esteemed journal publishes original and insightful papers addressing the theory and practice of international business, encompassing a broad spectrum of topics such as firms' internationalization strategies, cross-border management of operations, and comparative studies of business environments across different countries. In essence, IBR is dedicated to disseminating research that informs the international operations of firms, whether they are SMEs or large MNEs, and guides the actions of policymakers in both home and host countries. The journal warmly welcomes conceptual papers, empirical studies, and review articles, fostering contributions from various disciplines including strategy, finance, management, marketing, economics, HRM, and organizational studies. IBR embraces methodological diversity, with equal openness to papers utilizing quantitative, qualitative, or mixed-method approaches.