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We investigate how formal institutional distance (FID) moderates the cultural distance (CD) and financial performance relationships of foreign subsidiaries of firms. Following recent research, we estimate the asymmetric effects of CD by considering its size and direction towards host countries...
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This paper is based on an Anglo-German Research project of two research groups in both countries. It is based on data collected by qualitative research in the three largest MNCs in the lift and escalator industry. The headquarters of the three corporations are based in the United States, Finland...
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