Recursos de colección
ePub-WU OAI Archive (Vienna Univ. of Econ. and B.A.) (5.605 recursos)
Repository of Vienna University of Economics and Business Administration.
Repository of Vienna University of Economics and Business Administration.
Bell, R. Greg; Filatotchev, Igor; Rasheed, Abdul A.
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. (author's abstract)
Bell, R. Greg; Filatotchev, Igor; Rasheed, Abdul A.
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.
Bell, R. Greg; Filatotchev, Igor; Rasheed, Abdul A.
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.
Rezai, Armon; Foley, Duncan K.; Taylor, Lance
Despite worldwide policy efforts such as the Kyoto Protocol, the emission of greenhouse gases (GHG) remains a negative externality. Economic equilibrium paths in the presence of such an uncorrected externality are inefficient; as a consequence there is no real economic opportunity cost to correcting this externality by mitigating global warming. Mitigation investment using resources diverted from conventional investments can raise the economic well-being of both current and future generations. The economic literature on GHG emissions misleadingly focuses attention on the intergenerational equity aspects of mitigation by using a hybrid constrained optimal path as the "business-as-usual" benchmark. We calibrate a simple...
Rezai, Armon; Foley, Duncan K.; Taylor, Lance
Despite worldwide policy efforts such as the Kyoto Protocol, the emission of greenhouse gases (GHG) remains a negative externality. Economic equilibrium paths in the presence of such an uncorrected externality are inefficient; as a consequence there is no real economic opportunity cost to correcting this externality by mitigating global warming. Mitigation investment using resources diverted from conventional investments can raise the economic well-being of both current and future generations. The economic literature on GHG emissions misleadingly focuses attention on the intergenerational equity aspects of mitigation by using a hybrid constrained optimal path as the "business-as-usual" benchmark. We calibrate a simple...
Rezai, Armon; Foley, Duncan K.; Taylor, Lance
Despite worldwide policy efforts such as the Kyoto Protocol, the emission of greenhouse gases (GHG) remains a negative externality. Economic equilibrium paths in the presence of such an uncorrected externality are inefficient; as a consequence there is no real economic opportunity cost to correcting this externality by mitigating global warming. Mitigation investment using resources diverted from conventional investments can raise the economic well-being of both current and future generations. The economic literature on GHG emissions misleadingly focuses attention on the intergenerational equity aspects of mitigation by using a hybrid constrained optimal path as the "business-as-usual" benchmark. We calibrate a simple...