Note: Institutional Distance and The Multinational Enterprise
利用制度距离概念,将母国与东道国之间的制度差异分解为规制、规范和认知三个维度,并结合企业特征提出关于东道国选择和进入策略的命题。
We draw from the recently developed construct of institutional distance to propose a framework that explains foreign direct investment by the multinational enterprise. We decompose the institutional distance between the host and home countries into distances on the regulative, normative, and cognitive dimensions of institutions, and match these with firm-level attributes to produce propositions regarding host country selection and foreign market entry strategies.