The interactions of institutions on foreign market entry mode
研究了认知、规范和监管三个制度领域的差异如何交互影响跨国并购与联盟的形成，发现新兴经济体企业会模仿本地企业的所有权模式选择，且监管距离会调节这种模仿行为。
This paper examines the interaction effects of institutional differences in the cognitive, normative, and regulatory domains on cross‐border acquisition and alliance formation. Using a sample of 673 cross‐border acquisitions and alliances conducted by multinational corporations ( MNC s) from the manufacturing sector of six emerging economies ( EE s) over the period 1995–2008, we find significant mimicking (cognitive domain) of local firms' choice of ownership modes by EE firms. We also find that regulatory distance (regulatory domain) moderates the mimicking of both foreign and local firms while normative distance does not have any moderating effect. These findings contribute to our understanding of how EE MNC s mimic ownership modes in foreign market entry and how the interaction of this mimetic tendency with other institutional pillars affects these decisions . Copyright © 2014 John Wiley & Sons, Ltd.