Page 49 - 34-3

NTU Management Review Vol. 34 No. 3 Dec. 2024

the big muddy: A meta-analytic review of the determinants of escalation of
commitment. Academy of Management Journal, 55 (3): 541-562. https://doi.
org/10.5465/amj.2010.0696
Smit, H. T. J., and Ankum, L. A. 1993. A real options and game-theoretic approach to
corporate investment strategy under competition. Financial Management, 22 (3):

241-250. https://doi.org/10.2307/3665941
Soule, S. A., Swaminathan, A., and Tihanyi, L. 2014. The diffusion of foreign divestment
from Burma. Strategic Management Journal, 35 (7): 1032-1052. https://doi.
org/10.1002/smj.2147

Sousa, C. M. P., and Tan, Q. 2015. Exit from a foreign market: Do poor performance,
strategic fit, cultural distance, and international experience matter?. Journal of
International Marketing, 23 (4): 84-104. https://doi.org/10.1509/jim.15.0003
Staw, B. M., Sandelands, L. E., and Dutton, J. E. 1981. Threat-rigidity effects in
organizational behavior: A multilevel analysis. Administrative Science
Quarterly, 26 (4): 501-524. https://doi.org/10.2307/2392337
Stevens, R., Moray, N., Bruneel, J., and Clarysse, B. 2015. Attention allocation to multiple

goals: The case of for‐profit social enterprises. Strategic Management Journal,
36 (7): 1006-1016. https://doi.org/10.1002/smj.2265
Stowe, J. D., and Xing, X. 2006. Can growth opportunities explain the diversification
discount?. Journal of Corporate Finance, 12 (4): 783-796. https://doi.
org/10.1016/j.jcorpfin.2005.05.001

Tan, Q., and Sousa, C. M. P. 2015. A Framework for understanding firms’ foreign exit
behavior. In Advances in International Marketing Vol.25 Entrepreneurship
in International Marketing: 223-238. Bingley, UK: Emerald. https://doi.
org/10.1108/S1474-797920140000025010
________ . 2019. Why poor performance is not enough for a foreign exit: The importance
of innovation capability and international experience. Management International

Review, 59 (3): 465-498. https://doi.org/10.1007/s11575-019-00384-9
Tasheva, S., and Nielsen, B. B. 2022. The role of global dynamic managerial capability
in the pursuit of international strategy and superior performance. Journal of
International Business Studies, 53 (4): 689-708. https://doi.org/10.1057/s41267-
020-00336-8

Titus, V., Jr., O’Brien, J. P., and Dixit, J. 2022. Does performance breed slack? Ownership

39