International and Cultural Implications on Internationalization Analysis of Multinational Firms

Abstract

This paper is aims to analyze some of the institutional and cultural implications on internationalization analysis of multinational firms. The analysis begins questioning what the main institutional and cultural variables are considered in the involvement of internationalization of multinational firms. To answer this question, a literature review types approach in areas like internationalization of multinational firms based on institutional and cultural frameworks is followed. Secondly, these institutional and cultural variables are analyzed to integrate findings. Finally, the paper argues the need to design a better institutional and cultural balance among the development of a glocal-regional transformation, convergence and governance.