Cunha, Henrique Correa da; Ruzgar, Nursel Selver; … - In: International Journal of Financial Studies : open … 10 (2022) 2, pp. 1-17
Cultural distance (CD) is an important driver of foreign expansion strategy at the firm level. However, its effects can be more or less significant depending on the contextual characteristics of the host country, such as the quality of formal institutions and the openness to international trade....