Liu, Li Xian; Jiang, Fuming; Sathye, Milind; Liu, Hongbo - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-36
banks face the challenges the liability of foreignness brings, but at the same time, they have bank-specific advantages. We … examine this issue in light of the literature of the liability of foreignness. In our path-breaking study, we found that due … to the cost of foreignness, foreign banks' performance was not as good as that of the local banks. Furthermore, despite …