Internationalization through foreign listing: A review and future research agenda

Anish Purkayastha and Vikas Kumar

Journal of World Business, 2021, vol. 56, issue 3

Abstract: This paper reviews and synthesizes literature on foreign listing from international business, management, and finance disciplines. A systematic review of 66 studies from 25 journals indicates fragmentation of the literature across the macro and firm-specific perspectives and a limited usage of current international business theories in research on foreign listing. We propose multiple developmental paths including use of institutional theory, especially institutional distance and institutional evolution to provide more comprehensive understanding of antecedents and contingent factors for foreign listing; supply-chain disaggregation of cross-border capital flow; integrate financial and strategic implications of foreign listing; and advancement of emerging market specific theories.

Keywords: Foreign listing; Institutional distance; Institutional evolution; Financial supply chain; Emerging markets; International business (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (12)

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DOI: 10.1016/j.jwb.2021.101189

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