performance in host countries. Based on a large panel dataset of 10,562 firms operating in 17 emerging markets and spanning 80 … institutional distance and subsidiary performance. We extend this research by (1) examining this relationship in the context of … countries. We find that institutional distance negatively affects subsidiary performance in emerging markets. Our findings also …

The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …