Perez-Batres, Luis A.; Eden, Lorraine - In: Journal of International Management 14 (2008) 3, pp. 232-251
In the 1990s, emerging economies all over the world deregulated, privatized and liberalized their domestic markets. These regulatory punctuations caused radical institutional changes for emerging market firms (EMFs). We argue that, for EMFs, regulatory punctuations created a liability of...