empirically elaborate the concept of institutional arbitrage (Gaur and Lu, 2007; Boisot and Meyer, 2008), which refers to the … arbitrage. In our case this is demonstrated by possibilities to establish in Finland businesses, which are targeted to Russian … trade. Our analysis also points to the negative implications of institutional distance, and the root causes of institutional …

between 1995 and 2012, we find evidence of a form of “regulatory arbitrage” in which acquisition flows involve acquirers from … consistent with a benign form of regulatory arbitrage than a potentially destructive one …

large amounts of capital investment that are costly to reverse. This study examines whether a pandemic arbitrage through …