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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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Bibliografski detalji
Glavni autori: Henrique Correa da Cunha, Mohamed Amal, Svante Andersson, Dinora Eliete Floriani, Carlyle Farrell
Format: Artigo
Jezik:Inglês
Izdano: MDPI AG 2023-06-01
Serija:International Journal of Financial Studies
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Online pristup:https://www.mdpi.com/2227-7072/11/2/80
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