Knowledge is a source of competitive advantage which strengthens multinational corporations' (MNCs) market position, and thus, they set up overseas subsidiaries partly to access other firms' knowledge which resides in local markets. From the MNC viewpoint, due to the innate characteristics of...

Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...

By focusing on the tacit and explicit characteristics of informal and formal institutional distances, this study investigates the competitive advantage of foreign subsidiary firms from developed countries and emerging markets operating in Latin America. Following recent research on distances in...