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Persistent link: https://www.econbiz.de/10008749756
We analyze how pro-market institutions affect firm performance in emerging markets. Integrating transaction costs and signaling theory, we advance three arguments. First, we separate four dynamic components of pro-market institutions: intensifying and fading pro-market reforms and intensifying...
Persistent link: https://www.econbiz.de/10012906835
Persistent link: https://www.econbiz.de/10011929425
We analyze how an aspect of institutional change — regional integration in the form of regional trade agreements (RTAs) — affects the degree of global orientation (DGO) of emerging market (EM) multinational enterprises (MNEs). We decompose regional integration into three key dimensions...
Persistent link: https://www.econbiz.de/10014200839