We investigate the impact of court conditions on multinational decisions on entry, subsidiary size and entry mode across subnational regions in Russia. We apply the literature on heterogeneous firms and the institution-based view of investor behavior, which predict that higher institutional...

Purpose: The purpose of this paper is to enhance our understanding on the effects of national and subnational institutions, as well as subsidiary competences on the international market orientation in foreign-owned subsidiaries. Design/methodology/approach: A postal survey has been conducted...

Cultural distance (CD) is an important driver of foreign expansion strategy at the firm level. However, its effects can be more or less significant depending on the contextual characteristics of the host country, such as the quality of formal institutions and the openness to international trade....