The influence of cultural friction on foreign divestment of multinational enterprises——the moderating role of formal institutional distance and political connections
Zijing Xu,
Ming Tian,
Yang Zhang
Abstract:Multinational enterprises frequently divest their foreign assets in the current economic environment. Existing research, based on friction theory, has mainly focused on the impacts of political and economic disparities on foreign divestment while neglecting the nuanced influence of cultural factors. To address this gap, this paper draws on the cultural friction perspective to capture the diverse cultural resistance faced by each enterprise and explore the relationship between cultural friction and foreign dive… Show more
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