title: Episode of Foreign Direct Investment Reversal—The Role of Macroeconomic Fundamentals in Sub-Saharan Africa
abstract: Abstract This study investigates the macroeconomic determinants of divestment, shedding light on the role of macroeconomic fundamentals. The results reveal that past divestment decisions impact current actions, highlighting the role of historical patterns. Furthermore, higher inflation rates are found to encourage divestment, likely due to risk aversion in volatile markets, in the same way as foreign interest rates. Additionally, anticipated currency depreciation drives divestment as firms seek 
journal: Journal of Industry Competition and Trade