Bae, Kee-Hong; Purda, Lynnette; Welker, Michael; Zhong, … - In: Journal of International Business Studies 44 (2013) 3, pp. 216-234
We examine whether certification by an internationally recognized information intermediary helps emerging-market firms overcome the liability of foreignness in capital markets. Specifically, we ask whether securing a credit rating from Standard & Poor's (S&P) enables these firms to certify their...