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| Author: | Nachum, L. |
| Title: | Liability of foreignness in global competition? Financial service affiliates in the City of London |
| Journal: | Strategic Management Journal
2003 : DEC, VOL. 24:12, p. 1187-1208 |
| Index terms: | Competition Financial services International business United Kingdom |
| Language: | eng |
| Abstract: | This study was inspired by the observation that foreign financial service companies operating in the City of London do not suffer the liability of foreignness to the extent suggested by theory. To examine the reasons for this departure from theory, the study advantages together account for the competitive performance of MNEs relative to that of indigenous companies. Empirical analyses of a sample of 296 foreign financial service companies in the City of London show that in this particular context major sources of competitive performance are the company-spesific advantages and the advantages of multinationality, where British companies may not necessarily possess an advantage over foreign companies. |
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