The Interplay of Formal Institutional and Cultural Distances and the Financial Performance of Foreign Subsidiaries in Latin America

We investigate how formal institutional distance (FID) moderates the cultural distance (CD) and financial performance relationships of foreign subsidiaries of firms. Following recent research, we estimate the asymmetric effects of CD by considering its size and direction towards host countries on th...

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Autori principali:	Henrique Correa da Cunha, Mohamed Amal, Svante Andersson, Dinora Eliete Floriani, Carlyle Farrell
Natura:	Artigo
Lingua:	Inglês
Pubblicazione:	MDPI AG 2023-06-01
Serie:	International Journal of Financial Studies
Soggetti:	cultural distance formal institutional distance institutional environment foreign subsidiaries Latin America formal institutions
Accesso online:	https://www.mdpi.com/2227-7072/11/2/80
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