Studies of the internationalization-performance (I-P) relationship for emerging market multinational enterprises (EM MNEs) have yielded mixed results, suggesting that a contingency view of I-P for EM MNEs may be useful and timely. In particular, we suggest it is useful to analyze how the EMs'...

We analyze how pro-market institutions affect firm performance in emerging markets. Integrating transaction costs and signaling theory, we advance three arguments. First, we separate four dynamic components of pro-market institutions: intensifying and fading pro-market reforms and intensifying...

A comparison of the balance sheet structure of the largest U.S. and Japanese firms for 1979 shows that Japanese firms significantly differ from U.S. firms in their greater reliance on bank-funded short-term debt, low levels and composition of net working capital, parsimonious use of...