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Institutional Distance and the International Market Entry Mode: A Meta-analysis

Zhang, Wei; He, Xinming; Wang, Tao; Wang, Kang


Wei Zhang

Tao Wang

Kang Wang


With increasing interest in the internationalization of multinational enterprises, recent studies have focused on the differences between institutions in home and host countries and how they affect the strategic entry decisions of multinational enterprises, particularly the equity-based entry mode. However, the conclusions regarding institutional distance and the equity-based market entry mode are contradictory. This relationship is theoretically unclear and empirically inconsistent. To help resolve these contradictory findings, we conduct meta-analytic research on the relationship between institutional distance and equity-based entry mode. We investigate several moderators that may affect this relationship. These moderators can be divided into three types: measurement factors, such as indices, data sources, and calculation methods; contextual factors, such as industry, time of study, and country characteristics; and theoretical orientation. We offer theoretical insights and recommendations to improve the validity and reliability of research on institutional distance, equity-based entry mode, and ideas for future research.

Journal Article Type Article
Acceptance Date Oct 25, 2022
Online Publication Date Nov 2, 2022
Publication Date 2023-02
Deposit Date Oct 27, 2022
Publicly Available Date Nov 3, 2024
Journal Journal of International Management
Print ISSN 1075-4253
Electronic ISSN 1873-0620
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 29
Issue 1
Article Number 100990
Public URL


This file is under embargo until Nov 3, 2024 due to copyright restrictions.

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