Foreign divestments from Russia: An exploration of the mediating factors

Андрей Юрьевич Панибратов, Ташона Андрен Браун

Research output

2 Citations (Scopus)


Foreign divestment (FD) decisions are not purely based on the profitability of a business but also on a company's investing and divesting experience and the degree of uncertainty in markets. The FD procedure is grounded by the level of uncertainty, experience in divesting, and experience in investing. Both internal and external factors are catalysts for the firms’ foreign divestments. The constructs of real options theory, prospect theory and the theory of bounded rationality are three key moderators in the firms’ FD decision‐making.
Original languageEnglish
Pages (from-to)359-367
Number of pages9
JournalStrategic Change
Issue number4
Publication statusPublished - 2018

Scopus subject areas

  • Economics, Econometrics and Finance(all)

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