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Showing 1 to 8 of 8 (0.055 seconds)Spelling suggestions: "subject:"amarket exit"" "subject:"1market exit""
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De-internationalization of Small and Medium Sized Enterprises : How do the drivers and determinants affect the form and the path of de-internationalization for SME’s?Begieneman, Laura, Rinnelt, Jens Oliver January 2013 (has links)
More and more SME’s, which create entrepreneurial spirit and innovation, which are primarily responsible for wealth and economic growth, are internationalizing. This increases their probability of business closure due to the increased risk they face from operating in foreign markets. Much of the world blames the U.S. financial excesses for these business closures, but at the same time there are also SME’s withdrawing activities from foreign markets in economic stable times. This indicates that there are more and other reasons for de-internationalization and raises the problem of how do SME’s close their businesses in foreign markets. The purpose of this study is to explore how the drivers and determinants of deinternationalization affect the form and the paths of de-internationalization for SME’s. The aim is to provide and contribute to a better understanding of deinternationalization. This was studied through developing four case studies with Dutch SME’s with a qualitative research approach. For empirical data collection interviews were conducted with the persons closely involved with the de-internationalization of the SME’s. This in combination with the developed theoretical framework, based on a theory discussion and synthesis, provided more insight into the de-internationalization topic. The findings of this study show that a unique combination of drivers and determinants of de-internationalization is present in each case study and the relative influence of them differs. Most of the de-internationalization took place in a voluntary way, due to the nature and predictability of the occurring drivers. Moreover, it was found that the drivers of de-internationalization combined with the determinants influence the form in which de-internationalization can take place. It was also found that the form of deinternationalization, which SME’s have chosen, determines the two paths of deinternationalization, which are partial divestment and full market exit. This study contributes to the better understanding of de-internationalization, by identifying the forms and paths which SME’s can choose when withdrawing activities in foreign markets. Moreover, the main drivers and determinants have been identified and it was analysed how they affect the different forms and paths of de-internationalization and this was conceptualized in a model. The recommendations are, that deinternationalization should be seen as a strategic option SME’s have and should be considered in corporate strategies. Therefore, the associations with this phenomenon could be seen (more) positive.
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Bouncing back to the global market : How international heritage affects the re-internationalization process of Portuguese and Swedish SMEsNanninga, Florian, Costa, Fábio January 2016 (has links)
Globalization has driven the internationalization of both SMEs and large enterprises and has caused new opportunities and challenges to emerge. As a result of these new challenges, such as increased foreign competition, or due reasons such as lack of international experience, change in strategy, or dissatisfaction about their performance, many internationalized firms withdraw from their international operations. Permanent exit of international markets may not always be the best option. Re-entering these markets can be rewarding as the intangible resources gained from their initial internationalization experience may facilitate their international market re-entry, thereby having an advantage over newly internationalizing firms. The main purpose of this study is to contribute to the concept of the re-internationalization process. This is done by exploring the relationship between international heritage and the different stages of the re-internationalization process, which consists out of: the initial internationalization experience, de-internationalization, the international time-out stage and the firm’s international market re-entry. Based on the results of this study, it can be concluded that SMEs apply international heritage differently, based on their level of resource commitment to the international market. This study shows that firms with a higher level of resource commitment tend to apply their international heritage on a global level, whereas firms that commit less resources only apply their international heritage in the market in which the international heritage was gained. Furthermore, while the disruptiveness of the market exit varied between the case companies, all four firms continued to commit resources to the exited market, albeit to varying degrees. Lastly, the empirical findings show that the role of international heritage is not a facilitating one, but that it causes the firm to be more careful.
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To Forbear or not to Forbear? A Behavioral Perspective of Multimarket CompetitionIglesias, Ana Elisa A 21 May 2010 (has links)
Multimarket competition has become a substantial part of the modern economy. As such, it has drawn the attention of academics in both economics and strategy fields. Many studies have found empirical evidence of mutual forbearance in several industries, but despite its importance, its behavioral roots have not been explored. In my dissertation I integrate the reality of boundedly-rational decision makers into the mutual forbearance hypothesis. I apply an outgrowth of the behavioral theory of the firm – the shifting focus model of risk taking – to the study of competitive behavior. I propose a behavioral model of multimarket competition that focuses on corporate strategic decisions - market entry and exit decisions, regardless of entry mode (e.g. acquisitions) or exit mode (e.g. divestitures). This approach provides a granular view of changes in the business scope of the firms in terms of product and geographic markets served. I test my hypotheses in the U.S. property liability insurance industry over a 12-year period (1998-2008). I argue that firms follow the mutual forbearance logic as long as their performance goals are satisfied. However, under conditions of adversity, firms shift attention to recovering from the performance shortfall and their actions deviate from the mutual forbearance predictions. This dissertation shows that underperforming firms with abundant slack take longer to forbear, and underperforming firms with limited slack start forbearing sooner, as predicted. By bridging behavioral and competitive perspectives to the study of market entry and exit decisions, I underscore the value of cross-fertilization in strategy research.
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To Forbear or not to Forbear? A Behavioral Perspective of Multimarket CompetitionIglesias, Ana Elisa A 21 May 2010 (has links)
Multimarket competition has become a substantial part of the modern economy. As such, it has drawn the attention of academics in both economics and strategy fields. Many studies have found empirical evidence of mutual forbearance in several industries, but despite its importance, its behavioral roots have not been explored. In my dissertation I integrate the reality of boundedly-rational decision makers into the mutual forbearance hypothesis. I apply an outgrowth of the behavioral theory of the firm – the shifting focus model of risk taking – to the study of competitive behavior. I propose a behavioral model of multimarket competition that focuses on corporate strategic decisions - market entry and exit decisions, regardless of entry mode (e.g. acquisitions) or exit mode (e.g. divestitures). This approach provides a granular view of changes in the business scope of the firms in terms of product and geographic markets served. I test my hypotheses in the U.S. property liability insurance industry over a 12-year period (1998-2008). I argue that firms follow the mutual forbearance logic as long as their performance goals are satisfied. However, under conditions of adversity, firms shift attention to recovering from the performance shortfall and their actions deviate from the mutual forbearance predictions. This dissertation shows that underperforming firms with abundant slack take longer to forbear, and underperforming firms with limited slack start forbearing sooner, as predicted. By bridging behavioral and competitive perspectives to the study of market entry and exit decisions, I underscore the value of cross-fertilization in strategy research.
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Working conditions and retirement : Can improved working conditions extend an individual's time on the labour market?Sedehi Zadeh, Noor January 2018 (has links)
The objective of this essay is to investigate if working conditions affect the retirement age and additionally, aims to explore the differences in the effects between women and men. This study investigates this by using data of individuals living in Sweden in 2012 that were between the age of 63 and 74 (i.e individuals that are born between 1938 and 1949) retrieved fromStatistics Employment Register (Sysselsättningsregister). To complete the information, Statistics Sweden, conducted a survey on behalf of Anxo et al (2017) to 20 000 randomly selected individuals that included questions about the individual’s previous working conditions at point of retirement or at age 64 if the individual stayed above the age of 65. The result strengthened the idea from previous research that possibility to choose when and how to work decrease the likelihood of retiring earlier, hence, extends the time on the labour market. Additionally, the results indicated that psychologically demanding jobs and monotone tasks increase the probability of retiring earlier. Some results were rather counter-intuitive where the working conditions: physical demanding job, working under time pressure, number of working hours and working unsocial hours increased the likelihood for an individual to stay longer in the labour market. Additional findings in this essay that contradicted prior studies is that socializing with co-workers outside of work and the possibility to combine family and work increases the probability to retire earlier, hence reduces the likelihood of a later retirement.
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Navigating the challenges of international business: an analysis of factors influencing the exit of multinational corporations.Lini, Miriam, Binta Arman, Naiymie January 2023 (has links)
ABSTRACT Date: [2023-05-30] Level: Bachelor Thesis in Business Administration, 15 cr Institution: School of Business, Society and Engineering, Mälardalen University Authors: Naiymie Binta Arman Miriam Lini (00/02/27) (02/05/06) Title: Navigating the Challenges of International Business: An Analysis of Factors Influencing the Exit of Multinational Corporations. Supervisor: Edward Gillmore Keywords: Multinational Enterprises, Market Exit, Transaction Cost Theory, Institutional Theory, Isomorphism, Legitimacy, Entry modes (internationalization), Exit modes, Institutional distance, Institutional & Infrastructural hassle factors Research question: What are the internal and external characteristics that drive market exit? Purpose: The aim of this study is to investigate the internal and external factors that contribute to the exit of MNEs from foreign markets, and to provide insights for firms operating in foreign markets. Problematization: The scarcity of research on the predominant factors influencing the exit of MNEs from established foreign markets highlights the need to understand effective strategies for minimizing financial losses and preserving reputation. Method: Qualitative research paper; Thematic analysis using semi-structured interviews and secondary data. Conclusion: The researchers aimed to explore the factors driving market exit for Multinational Enterprises (MNEs). They identified internal factors such as financial performance, lack of proper financial guidance, and inadequate resource allocation as key drivers for Company X's market exit. External factors included economic differences, high competition, and regulatory constraints in the Swedish market, leading to contract termination for Company X.
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Optimal exposure strategies in insuranceMartínez Sosa, José January 2018 (has links)
Two optimisation problems were considered, in which market exposure is indirectly controlled. The first one models the capital of a company and an independent portfolio of new businesses, each one represented by a Cram\'r-Lundberg process. The company can choose the proportion of new business it wants to take on and can alter this proportion over time. Here the objective is to find a strategy that maximises the survival probability. We use a point processes framework to deal with the impact of an adapted strategy in the intensity of the new business. We prove that when Cram\'{e}r-Lundberg processes with exponentially distributed claims, it is optimal to choose a threshold type strategy, where the company switches between owning all new businesses or none depending on the capital level. For this type of processes that change both drift and jump measure when crossing the constant threshold, we solve the one and two-sided exit problems. This optimisation problem is also solved when the capital of the company and the new business are modelled by spectrally positive L\'vy processes of bounded variation. Here the one-sided exit problem is solved and we prove optimality of the same type of threshold strategy for any jump distribution. The second problem is a stochastic variation of the work done by Taylor about underwriting in a competitive market. Taylor maximised discounted future cash flows over a finite time horizon in a discrete time setting when the change of exposure from one period to the next has a multiplicative form involving the company's premium and the market average premium. The control is the company's premium strategy over a the mentioned finite time horizon. Taylor's work opened a rich line of research, and we discuss some of it. In contrast with Taylor's model, we consider the market average premium to be a Markov chain instead of a deterministic vector. This allows to model uncertainty in future conditions of the market. We also consider an infinite time horizon instead of finite. This solves the time dependency in Taylor's optimal strategies that were giving unrealistic results. Our main result is a formula to calculate explicitly the value function of a specific class of pricing strategies. Further we explore concrete examples numerically. We find a mix of optimal strategies where in some examples the company should follow the market while in other cases should go against it.
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Essays on regulatory impact in electricity and internet marketsRoderick, Thomas Edward 26 June 2014 (has links)
This dissertation details regulation's impact in networked markets, notably in deregulated electricity and internet service markets. These markets represent basic infrastructure in the modern economy; their innate networked structures make for rich fields of economic research on regulatory impact. The first chapter models deregulated electricity industries with a focus on the Texas market. Optimal economic benchmarks are considered for markets with regulated delivery and interrelated network costs. Using a model of regulator, consumer, and firm interaction, I determine the efficiency of the current rate formalization compared to Ramsey-Boiteux prices and two-part tariffs. I find within Texas's market increases to generator surplus up to 55% of subsidies could be achieved under Ramsey-Boiteux pricing or two-part tariffs, respectively. The second chapter presents a framework to analyze dynamic processes and long-run outcomes in two-sided markets, specifically dynamic platform and firm investment incentives within the internet-service platform/content provision market. I use the Ericson-Pakes framework applied within a platform that chooses fees on either side of its two-sided market. This chapter determines the impact of network neutrality on platform investment incentives, specifically whether to improve the platform. I use a parameterized calibration from engineering reports and current ISP literature to determine welfare outcomes and industry behavior under network neutral and non-neutral regimes. My final chapter explores retail firm failure within the deregulated Texas retail electricity market. This chapter investigates determinants of retail electric firm failures using duration analysis frameworks. In particular, this chapter investigates the impact of these determinants on firms with extant experience versus unsophisticated entrants. Understanding these determinants is an important component in evaluating whether deregulation achieves the impetus of competitive electricity market restructuring. Knowing which economic events decrease a market's competitiveness helps regulators to effectively evaluate policy implementations. I find that experience does benefit a firm's duration, but generally that benefit assists firm duration in an adverse macroeconomic environment rather than in response to adverse market conditions such as higher wholesale prices or increased transmission congestion. Additionally, I find evidence that within the Texas market entering earlier results in a longer likelihood of duration. / text
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