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

R. Greg Bell, Igor Filatotchev, Abdul A. Rasheed

Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in Fachzeitschrift

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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.
OriginalspracheEnglisch
Seiten (von - bis)107-122
FachzeitschriftJournal of International Business Studies
Jahrgang43
Ausgabenummer2
DOIs
PublikationsstatusVeröffentlicht - 1 Feb. 2012

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