We expand the Liability of Foreignness (LOF) construct beyond the product market domain toudinclude liabilities faced by firms attempting to secure resources in host capital markets. Drawingudfrom institutional theory and research in finance, we identify institutional distance, informationudasymmetry, unfamiliarity, and cultural differences as the main sources of capital market LOFud(CMLOF). We then propose that the impact of these antecedent factors can be moderatedudthrough bonding, signaling, organizational isomorphism, and reputational endorsements.
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