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What is Financial Performance of Foreign Subsidiaries in Latin America about?
The article examines how formal institutional distance (FID) influences the relationship between cultural distance (CD) and the financial performance of foreign subsidiaries in Latin America. It suggests that a greater FID towards less developed host countries can enhance the impact of CD on financial performance, as firms may rely more on navigating cultural differences. The study utilizes data from over 1400 foreign subsidiaries across various Latin American economies to support its findings on the asymme
- Author
- er_887255650
- Language
- EN