Differentiated effects of formal and informal institutional distance between countries 2 on the environmental performance of multinational enterprisesAguilera-Caracuel, J., Hurtado-Torres, N.E., Aragón-Correa, J.A. and Rugman, A. (2013) Differentiated effects of formal and informal institutional distance between countries 2 on the environmental performance of multinational enterprises. Journal of Business Research, 66 (12). pp. 2657-2665. ISSN 0148-2963 Full text not archived in this repository. It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.1016/j.jbusres.2013.04.002 Abstract/SummaryThis research examines the influence of environmental institutional distance between home and host countries on the standardization of environmental performance among multinational enterprises using ordinary least-squares (OLS) regression techniques and a sample of 128 multinationals from high-polluting industries. The paper examines the environmental institutional distance of countries using the concepts of formal and informal institutional distances. The results show that whereas a high formal environmental distance between home and host countries leads multinational enterprises to achieve a different level of environmental performance according to each country's legal requirements, a high informal environmental distance encourages these firms to unify their environmental performance independently of the countries in which their units are based. The study also discusses the implications for academia, managers, and policy makers.
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