The moderating effects of control on firm

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Our study is burdened with several methodical limitations, one of them being limited sample size. Thus, its results should be regarded as exploration of the ambiguous effects of parent control, here explored based on the decisions of new MNEs from a mid-range emerging economy from the CEE region. A complementary future analysis would need to shed more light on the antecedents of assuming lower or higher control over foreign operations of new MNEs, by conducting sub-group analysis on larger samples taking into account the length and intensity of international experience, which may play a role in ownership decisions. Further research should reaching out beyond the still limited population of new MNEs from one country in order to capture more variation in both home and host country institutional settings. Further, a study of internalisation decisions could include other entry modes (such as exports) and their performance. Another limitation refers to the predominant use of survey data in measuring the concerned variables. While the intention was to capture managerial perceptions relevant in expansion decisions, the use of secondary data apart from formal institutional distance in future studies will improve the reliability and robustness of the studied performance effects.

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