The Dynamics of The Liability of Foreigness : A Global Study of Survival in Financial Services  

Oleh:

Zaheer, Srilata ; Mosakowski, Elaine

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 18 no. 6 (1997), page 439-464.
Topik: FINANCIAL SERVICES; dynamic; competitive advantage; multi - national enterprise; organizational ecology; liability of foreigness; financial services

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We study the impact of "foreignness" on survival in interbank currency trading worlwide over the period 1974 - 93. In particular, we develop hypotheses on the behaviour of the liability of foreigness over time, and on the consequences of evolcing sources of firm - level competitive advantage on this liability. We test these hypotheses on the population of 2667 market - making trading rooms located in 47 countries worldwide that either existed in 1974 or entered the industry between 1974 and 1993. The results show that there is a liability of foreignness, and that it changes over time. Further, strategic and organizational factors such as the adoption of technology by these firms and their mode of internal control significantly influenced survival, as did location - related factors such as the intensity of local and foreign competition.

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