foreign subsidiaries. The sample are comprised of 52 Korean business groups, called chaebols, which consist of 181 parent … firms and their 1,068 foreign subsidiaries as of the end of 2009. In the study, we employ the perspectives of organizational … performance of foreign subsidiaries. Our contribution to the extant literature is to fill the vacuum that exists in the current …

We examine how the exits of multinational companies’ foreign subsidiaries from host countries are foreshadowed by the …

corporations' foreign subsidiaries. Taking the real options perspective, we expect that smaller investments will be associated with … financial development will facilitate the exits of foreign subsidiaries with smaller investments under unfavorable market … market conditions become more unfavorable, foreign subsidiaries making smaller investments that were endogenously chosen …