From home country to home base: A dynamic approach to the liability of foreignness
提出“运营基地”概念，认为企业运营国家集合的影响随地理扩张增强，动态外来者劣势比静态母国定义更能预测外国市场进入，并用1991-2007年中国上市公司数据验证。
We argue that the influence of the home country wanes as the firm increases its geographic reach. We introduce the concept of the “home base” to capture the effect of the set of countries in which the firm operates. We expect the dynamic liability of foreignness defined relative to the home base to be a better predictor than the static liability of foreignness defined relative to the home country. We also expect the diversity of foreign experience to increase foreign market entry. We find support for these hypotheses with data on C hinese listed firms investing abroad between 1991 and 2007 . Copyright © 2014 John Wiley & Sons, Ltd.