Keywords: Liability of foreignness
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International Journal of Emerging Markets (2017) 12 (1): 58–78.
Published: 16 January 2017
... such liability of foreignness (Zaheer, 1995). IDs are thus referred to as the extent of similarity or dissimilarity between the regulatory, normative, and cognitive institutions of the two countries (Kostova, 1999 ; Scott, 1995). A large ID elevates the conflicting demands for local responsiveness (external...

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