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An empirical study on the Korean SMEs' liability of foreignness in China : Current issues

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Frame of Image n the Korean SMEs’ Liability of Foreignness in China
difficulties for entering the Chinese market can be researched from many standpoints. To this end, one of determinants that creates uncertainties and structural impediments for foreign investment enterprises operating within the Chinese is the so-called liability of foreignness (Hymer, 1976; Zaheer, 1995). The liability of foreignness, which refers to the various costs creating structural complications in terms of foreign investment enterprises business activities within the relevant overseas market, has been known to decrease their investment performance by creating conditions which put these companies at a disadvantage vis- -vis domestic enterprises (Sethi and Guisinger, 2002). Viewed from the standpoint of small and medium-sized enterprises, which have less competence and experience than large-sized enterprises at their disposal, the lack of basic resources needed to manage the liability of foreignness greatly increases the likelihood of a negative influence on small and medium-sized enterprises This study highlights the presence of a liability of foreignness affecting the
1) According to these particular sources, the failure ratio of foreign entrepreneurs investment in China, including that of Korean companies, lies somewhere between 60 80%.
12
KIET Industrial Economic Review
Korean small and medium-sized enterprises which have invested in China. Liability of foreignness can be regarded as emerging field of study. Altho


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Title An empirical study on the Korean SMEs' liability of foreignness in China
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Current issues

Material Type Reports
Author(English)

Lee, Young-Joo

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2006
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 11(no. 5)
Pages 22
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Direct Investment
Industry and Technology < Entrepreneurship
Holding KIET; KDI School

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