“…Although the institution-based view has been current for some years, notably by scholars focusing on EMs (Peng, Wang, and Jiang, 2008), the existing literature focuses only on host institutions or on the distance or similarity in institutions between home and host regions (Cuervo-Cazurra, 2011), with very few studies analyzing the roles of home institutions in international activities of firms (Xu and Meyer, 2012;Voss, Buckley, and Cross, 2010). Xu and Meyer (2012), for instance, review published papers focusing on EMs in "A" management journals (impact factor >3.5), and find that very few have examined the impacts of home institutions on strategies of EMNEs, none with discussions on how home institutions affect EMNEs' presence and activities in a different, market-supporting environment, that is, in OMs (Xu and Meyer, 2012).…”