Table Table 3 Growth that compounds 1 September 2026

Why do greenfield and acquisition performance findings diverge empirically?

Evidence question	Boundary to record
Who is entering?	Firm resources, prior experience, and international footprint
Where?	Institutional conditions and resource-market inefficiencies
What is being accessed?	Local relationships, assets, knowledge, or organizational routines
When is the choice observed?	Pre-entry intention, entry decision, integration, or performance
How is the mode measured?	Legal form, ownership, control, or operational arrangement
Which result transfers?	The relationship that matches the current decision and context

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Reference & Evidence

Source: Table from this essay. Sources and interpretation are given in the article.

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Cultural distance is not a universal entry-mode rule

Cultural distance does not choose an entry mode: fit depends on institutions, resources, mode, sample, and the moderator behind the estimate.

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Isoglu, S. (2026). Why do greenfield and acquisition performance findings diverge empirically? [Table]. isoglu.com. https://isoglu.com/insights/exhibits/isoglu-2026-cultural-distance-is-not-a-universal-entry-mode-rule-fig03/

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@misc{isoglu-2026-cultural-distance-is-not-a-universal-entry-mode-rule-fig03,
  author = {Isoglu, Sinan},
  title = {{Why do greenfield and acquisition performance findings diverge empirically?}},
  year = {2026},
  howpublished = {Table 3, isoglu.com},
  url = {https://isoglu.com/insights/exhibits/isoglu-2026-cultural-distance-is-not-a-universal-entry-mode-rule-fig03/},
  note = {From the essay {Cultural distance is not a universal entry-mode rule}}
}

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