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Political Risk and Firm Exit

Pekingology

CHAPTER

Is There a Difference Between Stay or Exit?

Companies of different size and resources have different tools available to them in their tool kits. Big companies have government relations teams. They also potentially have joint ventures or something like that with a chinese counterpart, and so t they might be shielded from the damages the trade wore That could reduce exit, which we find it does, right? Joint ventures are significatly less likely to exit. Thereare subsidiaries averse to sort of large companies. It's your small and medium-sized multenationals who do that most effectively.

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