The effects of "distance" between organizational units have been a prime concern of scholars aiming to explain international business strategies. We expand this line of research to distinguish formal and informal aspects of the institutional frameworks, which have different implications for...

There is a major debate regarding the role of concentrated family ownership and control in large firms, with three positions suggesting that such concentration is (1) good, (2) bad, or (3) irrelevant for firm performance. This article reports two studies to shed further light on this debate....