Are internationalization decisions of MNEs affected by democracy levels of the host country? Democracy is an over-arching construct that defines the formal and informal institutions present in a country and democratic nations are more credible, stable, participative, accountable and better...

Acquisitions by emerging market firms of targets located in developed markets have increased drastically over the recent years. We use this setting to test Coffee's (1999) bonding hypothesis in a cross-border M&A context by examining whether acquirers adopt the corporate governance practices...