Impacts of Institutional Distance between Host Country and Home Country of Multinational Corporations on Corporate Innovation Performance:An Empirical Analysis Based on the Listed Corporation Data
Based on the perspective of institutional theory and actors'agency,this paper studies how institutional distance between host country and home country has an asymmetric impact on corporate innovation performance,and examines the moderating effects of political connection and overseas entry mode.The research results show that positive institutional distance has a positive impact on corporate innovation performance,and the larger the negative institutional distance is,the more detrimental it is to improve corporate innovation performance;corporates'political connections reduce the positive correlation between positive institutional distance and innovation performance,and weaken the negative impact of negative institutional distance on innovation performance.In addition,the entry mode of cross-border M&A or greenfield investment also moderates the relationship between institutional distance and corporate innovation performance.This paper not only enriches the research on corporate innovation performance from the perspective of institutional distance,but also provides useful practical implications for government to formulate policies and enterprise internationalization decisions.
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万方数据
