Liability of Foreignness in Global Competition ? Financial Service Affiliates in The City of London  

Oleh:

Nachum, Lilach

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 24 no. 12 (2003), page 1187-1209.
Topik: FINANCIAL; financial services; city of london; liability of foreigness; global competition

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.13 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This study was inspired by the observation that foreign financial service firms operating in the city of london do not suffer the liability of foreigness to the extent suggested by theory. To examine the reasons for this departure form theory, the study advances a theoretical framework that distinguishes between three types of advantages that together account for the competitive performance of MNEs relative to that of indigenous firms. Empirical analyses of a sample of 296 foreign financial service firms in the city of london show that in this paarticular context major sources of competitive performance are the firm - specific advantages and the advantages of multinationality, where british firms may not necessarily possess an advantage over foreign firms. An examination fo the validity of the findings, in order to assess the extent to which this situation is unique to the city of london or rather signifies a more general trend that requires theoretical modifications and extensions, is emphasized as a major task for future research.

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