Beyond product markets: new insight on liability of foreignness from capital markets

Bell, R. Greg and Filatotchev, Igor and Rasheed, Abdul A. (2012) Beyond product markets: new insight on liability of foreignness from capital markets. Journal of International Business Studies, 43 (2). pp. 107-122. ISSN 0047-2506

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Abstract

We expand the Liability of Foreignness (LOF) construct beyond the product market domain to include liabilities faced by firms attempting to secure resources in host capital markets. Drawing from institutional theory and research in finance, we identify institutional distance, information asymmetry, unfamiliarity, and cultural differences as the main sources of capital market LOF (CMLOF). We then propose that the impact of these antecedent factors can be moderated through bonding, signaling, organizational isomorphism, and reputational endorsements.

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. The definitive version is available at http://www.palgrave.com/. Access to the published version requires a subscription.
Divisions: Departments > Welthandel > International Business
Version of the Document: Submitted
Variance from Published Version: Major
Depositing User: Dissertation Administrator
Date Deposited: 28 Mar 2012 15:16
Last Modified: 16 Sep 2017 05:25
Related URLs:
URI: https://epub.wu.ac.at/id/eprint/3485

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