Original paper
Egalitarianism, Cultural Distance, and Foreign Direct Investment: A New Approach
Abstract
This study addresses an apparent impasse in the research on organizations’ responses to cultural distance. We posit that cross-country differences in egalitarianism—a cultural orientation manifested in intolerance for abuses of market and political power and support for protection of less powerful actors—affect multinational firms’ choices of destinations for foreign direct investment (FDI). Using historically motivated instrumental variables,...
Paper Details
Title
Egalitarianism, Cultural Distance, and Foreign Direct Investment: A New Approach
Published Date
Aug 1, 2013
Journal
Volume
24
Issue
4
Pages
1174 - 1194
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Notes
History