Cho 1985 for example used sesand liabilitiestotalas t

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: on im advantages. These measures clearly do not measurecosts and benefits o risk.Further confusion arises r because thcse measures have also been used as measures of ownership advantages of a fm in other se studies ( e ,e.g., Caves and Mehra [1986]; Kogut and Sin& [1988]). Similaroperationalization problems wefe encountered by Dunning [1980]. In this study,weovercome these W ~cultiesby directly measuring managerial perceptionsof different types of contractual risks that can be expected in transactions in a particular host country. 4. Most previous studies have measured the location advantages of a h ost country using danogaphlc indicators such as GDP, population, literacyrate, urban population,etc. to measure themarket potential and country restrictiveness as a measure of investment risk The values of such variables are constant across all f irms and industries for a particular host country. 5 . Our focus in this study is on market-seeking fumr and not resource-seeking fums. Hence, we do not include the level of resource abundance in a particular host country as...
View Full Document

This document was uploaded on 03/22/2014.

Ask a homework question - tutors are online