Speed of Institutional Change and Firm Performance: The Moderating Effect of Institutional Advantage (WITHDRAWN)

This research examines how the speed of institutional change influences firm performance. Building our arguments on the dynamic institution-based view and the importance of institutional competitive advantages, we argue that a higher rate of pro-market reforms increases competition, which will be reflected in a negative effect on the performance. We posit that firms that are controlled by multinational enterprises can take advantage of the...