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Considerable research has explored international mode choices. However, results regarding the direct influence of the host country institutional context on entry mode choice remain rather inconclusive with positive, negative, and mixed empirical findings. This study examines informal institutional distance and formal institutional risk as moderators on the relationship between frequently examined decision-making criteria and the entry mode decision of small and medium-sized enterprises (SMEs). We demonstrate that the influence of international experience, proprietary know-how, and strategic importance on SME mode choice is contingent on the institutional context of the host country. Hypotheses are tested on a sample of 227 German SMEs. Our empirical results support our theoretical predictions, which forge a link between institutional and SME entry mode literature.

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Despite considerable research, empirical findings on the relationship between corporate entrepreneurship (CE) (i.e., strategic renewal, innovation and corporate venturing) and performance remain inconclusive. Using a meta-analysis, the present paper synthesizes prior literature regarding the CE-performance relationship of 43 independent samples including 13,237 firms. Our results reveal that strategic renewal, innovation and corporate venturing positively influence overall, subjective and objective firm performance. In addition, we conduct moderator analyses to reflect on the context and to verify whether and how the relationships vary in the presence of several studyspecific factors. We find that innovation has a stronger effect on performance in high-tech as opposed to lowtech industries, and the association between corporate venturing and performance is the strongest in Europe (compared with North America and Asia). Against our theoretical predictions, we find the association between strategic renewal and performance to be stronger for larger than for smaller firms. Based on our results, we derive recommendations for future research and point to managerial implications.