It is widely accepted that countries with sound formal and informal institutions create more robust environments for firm performance. However, due to the liabilities faced by firms without available slack and/or market power, we contend that institutions are especially important for new and...

The global business environment is increasingly characterized by dynamic interactions among an ever-widening group of actors – public, for-profit and not-for-profit – involved in the provision of such local collective goods as health, education, transportation and communication in emerging...

Using a proprietary database of telecommunications projects in emerging markets, we investigate key location characteristics of private infrastructure projects in Latin America and Asia. We identify economic, institutional, sectoral, and cultural variables that influence project structure, and...