This book addresses one of the most important topics scrutinized by the scholars of International Business. Moreover, no studies have been undertaken on the impact of institutional distance on the internationalization choices of Swiss firms.

The interplay between firms' internal organization and market behaviour is a long standing issue in industrial economics. This book examines firms' objectives in the comparatively new perspective shaped by globalization. The positive and normative aspects of theoretical analysis are developed...

Intro -- Contents -- Preface -- Introduction -- 1. Contractual Frictions and Global Sourcing -- 2. The Boundaries of the Multinational Firm: An Empirical Analysis -- 3. Contract Enforcement, Comparative Advantage, and Long-Run Growth -- 4. The Dynamics of Firm-Level Adjustment to Trade...