Abstract
Accounting for globalization’s risks begins with an understanding of the institutions that are at the heart of those risks. Managers need a solid understanding of the political, economic, and cultural institutions in the countries where they wish to operate. These institutions affect the risks that companies face in global markets, and the levels of profitability they are likely to enjoy there. Managers hoping to expand globally, or those responsible for global operations, would be wise to examine them carefully.
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Notes
See U. Bhattacharya, N. Galpin, and B. Haslem, “The Home Court Advantage in International Corporate Litigation,” Journal of Law and Economics 50 (2007): 625–659.
See K. Riesenhuber, “English Common Law versus German Systemdenken? Internal versus External Approaches,” Utrecht Law Review 7, 1 (2011): 117–130.
See R. La Porta et al., “Law and Finance,” Journal of Political Economy 106, 6 (1998): 1113–1155.
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© 2016 Robert Salomon
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Salomon, R. (2016). Political Institutions and Globalization. In: Global Vision. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137502827_4
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DOI: https://doi.org/10.1057/9781137502827_4
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-69962-9
Online ISBN: 978-1-137-50282-7
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