Going alone on an adventure tour can be hazardous. This holds for individuals as well as for small and medium size firms aiming for major international markets. Business communities therefore follow a joint path of gradual internationalization that resembles the internationalization process of...

This paper discusses the restructuring in post-socialist economies. Case evidence from East Germany illustrates that foreign investors must do more than provide crucial resources and integrate firms into global production networks. They also have to become involved in the process of...

Institutions are widely regarded as a crucial locational advantage of host countries aiming to attract foreign investors. However, there is little agreement on which institutions matter, and why. This study contributes to filling this gap by analyzing the impact of different dimensions of the...