The cost of being foreign: evidence from a nationally representative experiment in the US

dc.contributor.authorPEDRO FERNANDES MAKHOUL
dc.contributor.authorGuedes-Neto, João V.
dc.contributor.authorMusacchio, Aldo
dc.coverage.paisNão Informadopt_BR
dc.creatorGuedes-Neto, João V.
dc.creatorMusacchio, Aldo
dc.date.accessioned2022-12-06T23:33:23Z
dc.date.available2022-12-06T23:33:23Z
dc.date.issued2021
dc.description.notesEvidênciapt_BR
dc.description.otherWe conduct a conjoint experiment with a nationally representative sample of 3,010 US residents to assess their opinions on the acquisition of domestic companies by foreign firms. On average, US residents are 16 p.p. less likely to support a foreign firm as the preferred acquirer to an American company, compared to an identical domestic firm. We also show that there is a tension between nationalistic preferences and economic incentives. Still, it is quite hard for foreign firms to overcome their disadvantage by offering more favorable deal conditions. Additionally, we demonstrate that liability of foreignness (LOF) is considerably more complex than previously theorized by showing that LOF is not only a firm-level phenomenon, but also runs at the ownership level.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.doi10.5465/AMBPP.2021.13785pt_BR
dc.identifier.issn1558-9080pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4812
dc.identifier.volume1pt_BR
dc.language.isoInglêspt_BR
dc.publisherAcademy of Managementpt_BR
dc.relation.ispartofThe Academy of Management Perspectivespt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITORpt_BR
dc.subject.keywordsNão informadopt_BR
dc.titleThe cost of being foreign: evidence from a nationally representative experiment in the USpt_BR
dc.typejournal article
dspace.entity.typePublication
local.identifier.sourceUrihttps://doi.org/10.5465/AMBPP.2021.13785abstract
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublication7237ab33-eeb7-41a1-b32c-88e418754d0f
relation.isAuthorOfPublication.latestForDiscovery7237ab33-eeb7-41a1-b32c-88e418754d0f
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