Abstract
The article reports on research which was conducted to investigate the impact organizational legitimacy and regulatory, normative and cultural distances had on the performance of foreign business acquisitions in the U.S. Researchers found that all three dimensions of institutional distance were negatively and significantly associated with the media endorsement of foreign acquirers in the United States. and that normative and cultural-cognitive differences make it a challenging enterprise for foreign acquirers to establish organizational legitimacy in the US (as measured by media endorsement).