This study analyzes the relationship between institutions and ownership in cross-border acquisitions. First, this research contributes to the existing literature by considering the relative position of cities of origin and destination in this relationship and examining the asymmetric effects of institutional distance. Furthermore, we contribute by taking the concept of global cities and analyzing the influence ...
The institutional distance between home and host countries influences the benefits and costs of entry into markets where a firm intends to conduct business. Entry mode choice is a function of a firm's strategy to increase its competitiveness, efficiency, and control over resources that are critical to its operations. This systematic literature review aims to explain the influence of institutional distances on e...