The internationalization speed of multinational enterprises (MNEs) can be measured in different ways and influenced by their extrinsic and intrinsic aspects. We analyze the influence of institutional distances and experiential knowledge on the internationalization speed of MNEs through subsidiaries. Based on a quantitative approach using data on 479 subsidiaries of Japanese MNEs, we highlight (i) the influence of institutional distance on internationalization speed, (ii) the moderation of experiential knowledge of the relationship between internationalization speed and institutional distance, and (iii) the positive effect on internationalization speed related to low international experience and high regulative and normative distances.

跨国企业（MNEs）的国际化速度可以用不同的方式衡量，并受其外在和内在方面的影响。我们分析了制度距离和经验知识对跨国公司通过子公司国际化速度的影响。基于使用日本跨国公司 479 家子公司数据的定量方法，我们强调 (i) 制度距离对国际化速度的影响，(ii) 国际化速度与制度距离之间关系的经验知识的调节，以及 (iii)对国际化速度的积极影响与较低的国际经验和较高的监管和规范距离有关。