1) La descarga del recurso depende de la página de origen
2) Para poder descargar el recurso, es necesario ser usuario registrado en Universia


Opción 1: Descargar recurso

Opción 2: Descargar recurso

Detalles del recurso

Descripción

In this paper we build on the liability of foreignness concept and the institutional perspective to show how an equity listing and subsidiary formations in the host market are interlinked. Using a matched sample of foreign equity-listed and domestic equity-listed European firms on EU-regulated capital markets, we find that (1) the number of prior host-market subsidiary formations increases the probability of a host-market equity listing, and (2) a prior host-market equity listing increases the number of host-market subsidiary formations. Hence, we identify spillover effects between factor market and capital market strategies. However, the extent of these spillover effects depends on institutional characteristics of the host market, where companies on smaller markets gain higher spillover effects. We contribute to international management and finance research by providing factor market strategies as a valuable source to overcome capital market liabilities of foreignness and capital market strategies as a valuable source to overcome factor market liabilities of foreignness.

Pertenece a

ePub-WU OAI Archive (Vienna Univ. of Econ. and B.A.)  

Autor(es)

Lindorfer, Robert -  d'Arcy, Anne -  Puck, Jonas - 

Id.: 70080385

Idioma: inglés  - 

Versión: 1.0

Estado: Final

Tipo:  application/pdf - 

Palabras clavelocation decisions, foreign listing, subsidiary formations, FMLOF, CMLOF - 

Tipo de recurso: Article  -  PeerReviewed  - 

Tipo de Interactividad: Expositivo

Nivel de Interactividad: muy bajo

Audiencia: Estudiante  -  Profesor  -  Autor  - 

Estructura: Atomic

Coste: no

Copyright: sí

Formatos:  application/pdf - 

Requerimientos técnicos:  Browser: Any - 

Relación: [References] http://dx.doi.org/10.1016/j.intman.2016.04.002
[References] http://www.elsevier.com
[References] http://epub.wu.ac.at/5730/

Fecha de contribución: 09-sep-2017

Contacto:

Localización:

Otros recursos del mismo autor(es)

  1. Cost of capital in an international context: Institutional distance, quality, and dynamics Cost of debt is a key cognitive anchor for managerial decisions and an important determinant of firm...
  2. Ownership mode, cultural distance, and the extent of parent firms strategic control over subsidiaries in the PRC Previous studies often associated a specific type of ownership mode with the extent of control a par...
  3. Strictly Limited Choice or Agency? Institutional Duality, Legitimacy, and Subsidiaries' Political Strategies. This article analyzes political strategies of MNC subsidiaries in emerging markets. We find that ins...

Otros recursos de la mismacolección

  1. Emancipatory economic deglobalisation: a Polanyian perspective The article explores the potential of a Polanyian analysis for overcoming the current Manichean oppo...
  2. Tax compliance across sociodemographic categories: Meta-analyses of survey studies in 111 countries. Tax compliance varies across sociodemographic categories. However, research on the relationships bet...
  3. Zwischen Absicherung, Abhängigkeit und Autonomie. Das Unterhaltsrecht in Österreich, Schweden und Dänemark und seine gesellschaftlichen Implikationen Der Beitrag untersucht die Widersprüche, Unterschiede und Implikationen des Unterhaltsrechts und Unt...
  4. Social Preferences and Voting on Reform: An Experimental Study Debating over efficiency-enhancing but inequality-increasing reforms accounts for the routine busine...
  5. Higher taxes, more evasion? Evidence from border differentials in TV license fees This paper studies the evasion of TV license fees in Austria. We exploit border differentials to ide...

Aviso de cookies: Usamos cookies propias y de terceros para mejorar nuestros servicios, para análisis estadístico y para mostrarle publicidad. Si continua navegando consideramos que acepta su uso en los términos establecidos en la Política de cookies.