# Research from Professor Pankaj Ghemawat on cross-border strategies is referenced

1 Faculty News November 26, 2019 ![Livemint logo](/sites/default/files/styles/246w/public/assets/images/livemint%20feature.jpg?itok=nIqY0pI_)>

Excerpt from [Livemint](https://www.livemint.com/market/mark-to-market/oyo-s-bright-view-of-oyo-five-years-from-now-11574762755342.html) -- "Research by New York University professor [Pankaj Ghemawat](https://www.stern.nyu.edu/faculty/bio/pankaj-ghemawat) shows that differences between countries—be it geographic, cultural, administrative or economic—matter to a company’s performance in different regions in significant, predictable ways. The greater the distance, the relatively weaker the subsidiary’s performance, showed the research, citing Walmart Inc.’s performance in different countries."

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