This is an empirical study of corporate strategies in the decline phase of an industry. The U.S. defense industry is used as a setting; the years before the end of the cold war as the growth phase, and the years after the end of the cold war as the decline phase. Firm choices are broadly divided...

We investigate the effect of firm-specific advantages being ‘local’ in scope, and the influence of subsequent location-specific disadvantages, on the choice of foreign entry mode and subsidiary performance. To look into this issue, we examine Japanese FDI data from the wholesale and retail...

Studies on foreign direct investment (FDI) have concentrated on sectoral effects, but rarely on country patterns, In this paper, we use U.S. Department of Commerce data to identify the largest country shares of new FDI entries into the U.S. and the technological motivations for their...

How are excess resources redeployed when an industry declines? These resources can be redeployed within the firm through diversification and across firms through a market interface. Acquisitions can play an important role in either of these mechanisms. First, acquisitions can provide new...