Institutional unpredictability and foreign exit−reentry dynamics: The moderating role of foreign ownership
研究了制度不可预测性如何影响企业退出并重新进入外国市场的过程，以及外资所有权（尤其是东道国外资所有权）如何调节这一关系。
We extend the internationalization process literature by theorizing how institutional unpredictability and its changes can affect the foreign exit−reentry process and how the multidimensionality of foreign ownership can alter these impacts as a firm's conduit to different foreign countries. Drawing on the dynamic institution-based view, we examine a process whereby firms exit and reenter foreign countries in response to institutional dynamism. By distinguishing foreign shareholders from host and nonhost foreign countries, we identify the negative moderation effects of host-country foreign ownership but not nonhost foreign ownership. Our study, therefore, contributes an integrative framework to the de- and re- internationalization research.