“…Since its introduction in the literature in the mid-1990s (Kostova, 1996(Kostova, , 1997, the construct of institutional distance has gained prominence in international business research (e.g., Aguilera & Grøgaard, 2019;Bae & Salomon, 2010;Berry, Guillén, & Zhou, 2010;Beugelsdijk, Ambos, & Nell, 2018a;Fortwengel, 2017;Jackson & Deeg, 2019;Zaheer, Schomaker, & Nachum, 2012). Broadly defined as the difference between the institutional profiles of two countries, typically the home and the host country of an MNC (Kostova, 1996), institutional distance has quickly become one of the most widely used types of distance in this research.…”