express written permission. Users may print, download, or email articles for individual use only. http://dx.doi.org/10.5465/amp.2011.0129 2011 Vassolo, De Castro, and Gomez-Mejia business environment and their implications at the firm level, and outline a plausible research agenda. Briefly, the most salient characteristics of the Latin American business environment are: 1. Despite marked improvements in the last decades, the institutional context is still vulnerable, and the region…
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