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economies. We focus on the corruption distance between the home and host countries as a crucial part of institutional quality …. Our results confirm that FDI flows are higher when they come from countries with low differences in corruption with Turkey …. Conversely, FDI flows are negatively affected when there exists a large difference in corruption between the investing country …
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This study contributes to the corporate political activities and the institutional duality literatures by investigating how MNE subsidiaries develop their political capabilities in an increasingly politicized environment in an emerging market (EM). Our study supports the view that institutional...
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