Keywords
multinational enterprises, institutional distance, overseas business performance, sole proprietorship, joint venture
Abstract
Taking 126 domestic listed companies and their 212 overseas subsidiaries as research samples,this paper empirically examines the influence of three-dimensional institutional distance on the overseas business performance of multinational enterprises.After the test,it is found that the greater the regulatory and cultural distance between the home country and the host country,the worse the overseas business performance of multinational enterprises, and the greater the economic institutional distance,the better the overseas business performance of multinational enterprises.When the joint venture model is used to enter the host country market,the negative influence of the regulatory institutional distance and the cultural distance on the overseas business performance is smaller,and the greater the positive influence of the economic institutional distance on the overseas business performance when the sole proprietorship model is used to enter the host country market.
DOI
10.16315/j.stm.2020.01.005
Recommended Citation
SHU, Yue and ZHANG, Hai-bo
(2020)
"Research on the influence of institutional distance on the overseas business performance of Chinese multinational enterprises,"
Journal of Science and Technology Management: Vol. 22:
Iss.
1, Article 7.
DOI: 10.16315/j.stm.2020.01.005
Available at:
https://jstm.researchcommons.org/journal/vol22/iss1/7
