This book challenges the received view about antitrust policy's alleged instrumental public interest role. The purpose of this book is to show why, contrary to conventional wisdom, antitrust policy does not support market institutions; on the contrary, it is rooted on antimarket traditions. The...

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...