Using a survey database of Japanese and Korean firms, we compare the styles of two Asian business systems, with a Japanese rather than an American mirror. There are substantial differences in the two country styles. We introduce two sources of convergence, firm size as measured by sales, and...

Purpose – The purpose of this paper is to examine the impact of quality of market supporting institutions (institutional quality) in host country and the similarities and differences of institutional quality between the home and host country (institutional distance) on subsidiary performance....