Abstract
Over the past forty years, foreign divestment has received a tremendous attention in international business and management research. While there are excellent previous review studies on the antecedents of the foreign divestment decisions, the implications of the decisions such as divestment mode choices, process and outcome are still not received deserved attention. It leads our knowledge on foreign divestments to be insufficient. This paper traces the history of this research stream over these past four decades using bibliometric and qualitative content analyses covering leading journals and books, with a particular emphasis on the antecedents and implications of the foreign divestments. We highlight the evolution of interest in different contexts, phenomena, theories, and methodologies, along with the factors that have driven interest in these topics. We also offer a research agenda to stimulate new insights and novel work on the variables that relating to divestment decisions of foreign subsidiaries.
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