... of this is that institutional regimes will converge, if countries wish to grow. Put differently, those economies with institutions that are perceived to increase transaction costs will grow more slowly. European Union Central and Eastern Europe International business International investments Comparative capitalisms...

... enterprises Eastern Europe Foreign market selection Multinational companies Russia International investments [In 2010] FDI outflows from transition economies grew by 24 per cent, reaching a record $61 billion. Most of the outward FDI projects, as in previous years, were carried out by Russian TNCs...

... of developing countries. Appropriate financial reporting enhances the overall efficiency of the market and has the long‐term effect of reducing the cost of capital for companies. Inaccurate or inconsistent financial reports reduce the credibility of the private sector and deter international investment...

... of this type of firms making them hard to classify. Rather than using an arbitrary definition of the population, a decision was made to ensure variation in the sample, and to select firms that were known to have been actively engaged in internationalizing their businesses. International investments...